Alpha to redevelop Sunset Park property

Alpha Equity Group is planning to redevelop a Sunset Park print shop and as an industrial property.

The company, led by William Segal, just closed on the purchase of 4401 2nd Avenue and 222 44th Street in Brooklyn. The asking price for the properties was $36 million.

Jacob Beer and Guy Solomonov of Greiner-Maltz represented Alpha and the seller, Mesorah Publications, a publisher of books and commentaries from an Orthodox Jewish perspective.

Beer and Solomonov have been retained to serve as leasing agents for the repositioned building which will offer light industrial and commercial office space.

“The Sunset Park area has been experiencing a significant uptick in activity recently since many industrial and commercial tenants are leaving Gowanus due to the planned ULURP land-use action to rezone the neighborhood to a high-density residential zone,” said Greiner Maltz in a statement.

About Greiner-Maltz
Since 1953 Greiner-Maltz has been engaged exclusively in the leasing, selling, appraising and managing of industrial, commercial, and investment property in Manhattan, Brooklyn, Queens, Long Island, New Jersey, Westchester, and Connecticut. The firms five offices are actively managed by Principals: John Maltz and Sharone Levy in Brooklyn and Queens; Swain Weiner, metro area investments; Tom Attivissimo in Long Island, Raymond Musalo in New Jersey, and Ayall Schanzer in Westchester.