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Ariel Property Advisors Sell Industrial Building in East New York

EAST NEW YORK — Ariel Property Advisors reports the sale of an industrial property at 79-85 Georgia Ave.in East New York.

The one-story, 15,000-square-foot building sold for $1.2 million, according to broker Jonathan Berman, vice president at Ariel.

Berman and Ariel broker Jesse Deutch represented the seller in the transaction.

“The seller was the estate of the owner and the buyer was a building tenant,” Berman said. “The 75-foot-wide building is now being used as a garage.”

According to Berman, the property is within the East New York Industrial Business Zone, one of the city’s 16 Industrial Business Zones that offer industrial firms tax incentives and expanded assistance services in partnership with local development groups.

February 1, 2012 - 2:00pm


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