Innovo Property Group pays $54M to Baldor Specialty Foods for property in Hunts Point

Andrew Chung’s Innovo Property Group through the entity 511 Barry Owner LLC paid Baldor Specialty Foods’s Baldor Specialty Foods, Inc. $54.3 million for 511 Barry Street in Hunts Point. The deal closed on December 16, 2019, and was recorded on January 2, 2020. The transaction consists of 1 parcel, including the tax class fireproof warehouse (E1).

The warehouse sale was brokered by Pinnacle Realty’s David Junik and Fred Stein.

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