The latest industrial sale in East New York has been announced by Pinnacle Realty of New York. The property, located at 73 Wortman Avenue, is a one-story building with a total area of 50,000 square feet, including 32,000 square feet of building space and an additional 18,000 square feet of land. The transaction was completed on October 13, 2022, with a sale price of $15,500,000 and a price per square foot of $310.

Summary of transaction details

• Property Type: Industrial
• Transaction Amount: $15,500,000
• Address: 73 Wortman Avenue
• Market: East New York
• Buyer: Agostino Vona
• Seller: Mitchell Vilins
• Buyer's Representative: Avi Feinberg & Ron Godel - Greiner Maltz
• Seller's Representative: David Junik & Nechama Liberlow - Pinnacle Realty
• Square Footage: 50,000
• Price per Square Foot: $310

The buyer, Agostino Vona, was represented by Avi Feinberg and Ron Godel from Greiner Maltz. The seller, Mitchell Vilins, was represented by David Junik and Nechama Liberlow from Pinnacle Realty. The sale of this industrial property highlights the resilient nature of the market and the ongoing demand for high-quality sites in the area.

Pinnacle Realty encourages anyone interested in leasing or selling a similar site to reach out for a free market value assessment. For further information, contact David Junik at [email protected].