Greiner-Maltz Awarded Prime Brooklyn Development Site By Design International Realty

Long Island City, NY, May 17, 2006 – Greiner-Maltz has won the opportunity to market a prime Greenpoint waterfront residential site formerly occupied by Bulova Corporation, and having a buildable area of over 300,000 sq. ft. This property will enjoy the amenities of a waterfront esplanade, Manhattan Water Taxi, and shuttle service as part of the waterfront development planned for the adjacent 1,000,000 sq. ft., Lumber Exchange Terminal site. 

David Junik, the exclusive Greiner-Maltz broker handling this assignment, has set an asking price of $61,000,000.00; less than one-half of what this property would fetch if located in Manhattan.  “Developers are growing tired of Manhattans high land prices and lengthy development processes.  Brooklyn offers a very profitable, low cost means to remain in the New York City development scene,” says Junik.

To view site details, either contact David Junik directly at 718-786-5050, or visit to download the property brochure.

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.