B6 Real Estate Advisors has completed the sale of 1490 & 1497 McDonald Ave., two single-story warehouses totaling 35,250 square feet in Brooklyn’s Midwood neighborhood, for $17 million. The firm’s Bobby Lawrence and Jermaine Pugh represented the seller, MMAH LLC.
The deal showcases the deep user market for industrial properties under $20 million. The buyers, Allure Group, plan to use the property as a flex office space and warehouse for their businesses.
Midwood is an emerging neighborhood in south central Brooklyn that is increasingly popular with investors, developers and young professionals. Nearby public transportation is available from the F Train at Avenue N, offering a 30-minute train ride to Manhattan. Easy access by car is provided by the nearby Prospect Expressway and the Hugh L. Carey Tunnel provides convenient access to Manhattan.
Paul Bubny serves as Senior Content Director for Connect Commercial Real Estate, a role to which he brings 13-plus years’ experience covering the commercial real estate industry and 30-plus years in business-to-business journalism. In this capacity, he oversees daily operations while also reporting on both local/regional markets and national trends, covering individual transactions across all property types, as well as delving into broader subject matter. He produces 15-20 daily news stories per day and works with the Connect team and clients to develop longer-form content, ranging from Q&As to thought-leadership pieces.
Prior to joining Connect, Paul was Managing Editor for both Real Estate Forum and GlobeSt.com at American Lawyer Media, where he oversaw operations at both publications while also producing daily news and feature-length articles. His tenure in B2B publishing stretches back into the print era, and he has served as Editor in Chief on four national trade publications.
Since 1999, Paul has volunteered as the newsletter editor of passenger rail advocacy groups (one national, one local).