Smith of S&Z collaborates with Segal of Josh Segal for 42,000 s/f industrial building
Sholom & Zuckerbrot Realty LLC has arranged the sale of a 42,000 s/f industrial building in the Maspeth section of Queens, according to S&Z chairman Sanford Zuckerbrot.
S&Z partner Larry Smith represented the seller, Manhattan Brass and Copper Co., which sold the property to Jeffrey Woo of Mong Chong Long Trading Co. for approximately $200 per s/f. The building is located at 56-17 49th Pl.
"Mr. Woo is the owner of the popular Chinese supermarket chain, Hong Kong Supermarket, and this property is across the street from one of his stores," says Larry Smith, a principal of S&Z. "He intends to use the space as a food storage and distribution center after minor renovations, such as installing refrigeration and raising the ceiling height."
Smith was the exclusive sales agent. Josh Segal of Josh Segal Realty LLC represented the buyer.
Brooklyn, NY Marcus & Millichap brokered the sale of 733 Dekalb Ave., a fully free-market multifamily and retail property in the Bed-Stuy neighborhood. The asset sold for $2.8 million.
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