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NEW YORK CITY- Edward J. Minskoff Equities, a real estate development firm headquartered in New York City, has acquired 29 Jay St., a development site in Dumbo, Brooklyn for $61.5 million. The seller of the property, the Forman Group, was represented by Jones Lang LaSalle in the transaction.
The two-story property was constructed in 1977 and comprises 21,000 square feet of warehouse and distribution space. It sits on an 18,955-square-foot lot at the corner of Jay and Plymouth streets and offers 250 feet of frontage, a highly desired characteristic for retail development.
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Mariah Brown
Mariah Brown is the New York Bureau Chief and Real Estate Reporter for GlobeSt.com, covering the New York Metro area, Northeast region and national real estate trends. She is responsible for producing multi-media content, including articles, podcasts and video. Before joining the GlobeSt team, she served as a New York Times fellow, reported for the Associated Press in New York and Philadelphia and several other New York City-based outlets.
