Record Sale Price Recorded In Long Island City's Hunter's Point District

Long Island City, NY, May 8, 2003 -- Jack Isenberg, Director, Greiner-Maltz, announced today that after a short but intense marketing campaign on behalf of Escuela Luego, LLC's 10,000 sq. ft. industrial property, a record $237 PSF was achieved upon its sale to New Vision Equities, Inc., a New York garment manufacturer.

This 3-story, prior acetate film storage building had been modified to provide for multiple occupancy. The land to building ratio, although less than 1:1 has a permitted F.A.R. of 2. Richard Byun of Action International Realty represented the purchaser.

For more information on this Greiner-Maltz property or any other available properties in the metropolitan area please call John Maltz at 718-928-2022.

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. www.GreinerMaltz.com