Updated Sep 16, 2026
Graham Stephens Leases 117,000 Square Feet In Long Island City To Roadway Moving
28-90 Review Avenue
Building Size
117,000 SF
Asset Type
Industrial
Closing
Aug 18, 2026
About this deal
AI
The asset involved in this lease transaction is an industrial property located at 28-90 Review Avenue, Long Island City. The property encompasses a total square footage of 117,000, which is significant for industrial operations.
Summary of transaction details:
- Property Type: Industrial
- Transaction Amount: Not Specified
- Address: 28-90 Review Avenue
- Market: Long Island City
- Square Footage: 117,000
- Landlord: Graham Stephens
- Landlord's Representative: David Junik, George Margaronis, Paul Bralower, Brendan Burke - Pinnacle Realty of New York
- Tenant's Representative: Ariel Castellanos, Danny Tack - Pinnacle Realty of New York
Pinnacle Realty successfully represented Innovo Property Group in finalizing this lease transaction. The transaction resulted in Level 1 being fully leased to Roadway Moving, which will serve as the US headquarters for this logistics provider.
Players
Brooklyn Industrial Market Snapshot
Boundary boundary · Industrial · Lease transactions
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Purchase Price
Annual NOI
Loan Amount
Interest Rate (%)
Loan Term (yrs)
Down Payment (%)
Cap Rate
5.80%
Cash-on-Cash
-1.66%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93