Yosef Beer Acquires Industrial Property In New York City For $9.7M

The industrial property located at 60-64 Franklin Avenue in New York City has been sold in a closed transaction. The property spans 24,650 square feet and was sold for a total price of $9,700,000, resulting in a price per square foot of $394. The buyer of the property is Yosef Beer, while the seller is The Lee Family. The brokers involved in the deal are Jake Torre and Jason Grunberg from SAB Capital.

Summary of transaction details

• Property Type: Industrial
• Transaction Amount: $9,700,000
• Square Footage: 24,650
• Price Per Square Foot: $394
• Address: 60-64 Franklin Avenue, New York City
• Buyer: Yosef Beer
• Seller: The Lee Family
• Brokers: Jake Torre & Jason Grunberg - SAB Capital

The deal involved Yosef Beer as the buyer and The Lee Family as the seller. Representing the parties involved in the transaction were brokers Jake Torre and Jason Grunberg from SAB Capital. Their expertise and negotiation skills played a crucial role in facilitating the successful sale. The industrial property at 60-64 Franklin Avenue is now under the ownership of Yosef Beer, marking a significant transaction in the New York City market.