Gil Galili affiliate pays $3.5M for industrial building owned for more than 50 years

Gil Galili through the entity 2338 Mcdonald Ave LLC paid Robert Crescentini’s Telephone Components, Inc. $3.5 million for 2338 McDonald Avenue in Gravesend. The deal closed on December 11, 2020, and was recorded on December 15, 2020. The transaction consists of 1 parcel, including the tax class light manufacturing building (F5). The property is 9,282 square feet. The parcel(s) have total development potential of 9,376 square feet.
The average sale price per square foot is $373.

The contract date was September 29, 2020. A Galili affiliate also bought a $7.5 million retail condo in Lenox Hill in June 2020. The property has been owned by the seller since 1967.

Direct link to Acris document. link
Direct link to the city’s interactive property map, ZOLA. link
The signatory for the buyer or lender was Gil Galili