Betzalel “Benny” Solomon pays $6.8M to Jeffrey Sitomer for industrial property in Greenpoint

Betzalel “Benny” Solomon through the entity 394 McGuiness Realty LLC paid Jeffrey Sitomer’s 394 Mc Guiness Corp. $6.8 million for 394 McGuinness Boulevard in Greenpoint. The deal closed on May 4, 2020, and was recorded on May 7, 2020. The transaction consists of 1 parcel, including the tax class light manufacturing building (F5). The property is 21,000 square feet. The parcel(s) have total development potential of 21,000 square feet.
The average sale price per square foot is $324.

The sale went into contract December 20, 2019. The seller entity has owned the property since 1966. Solomon owns several other properties including 142 Newton Street. (Solomon’s first name is alternately spelled “Belzalel” in other filings.)

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