The industrial property located at 44 Remsen Avenue in East Flatbush, Brooklyn, was recently sold for $11,400,000. The asset spans 36,000 square feet, translating to a price per square foot of $317. The sale involved the Lunger Family as the buyers and the Pross Family as the sellers. The transaction was facilitated by David Junik and Nechama Lieberow from Pinnacle Realty of New York.

Summary of transaction details:

• Property Type: Industrial
• Transaction Amount: $11,400,000
• Address: 44 Remsen Avenue
• Market: East Flatbush, Brooklyn
• Buyer: Lunger Family
• Seller: Pross Family
• Brokers: David Junik & Nechama Lieberow - Pinnacle Realty of New York
• Square Footage: 36,000
• Price Per Square Foot: $317

Pinnacle Realty of New York, represented by David Junik and Nechama Lieberow, proudly facilitated the recent sales transaction in outer Boroughs. The industrial property presents a unique opportunity for the buyer to explore various potential uses, including self-storage, retail, and the possibility of up-zoning it to residential, adding further value to the asset.