Bruman Realty sells Clinton Hill warehouse

Workable City Development is the buyer

TRD New York /
Jul.July 12, 2018 12:50 PM

8-10 Grand Avenue in Clinton Hill (Credit: Google Maps)

Joseph Brunner and Abe Mandel’s Bruman Realty have sold an industrial building in Clinton Hill for $20.6 million.

The property is a two-story industrial building located at 8-10 Grand Avenue, and the company sold it to Workable City Development, according to property records. Workable secured a $12.7 million loan for the purchase from Signature Bank.

Bruman had acquired the building in 2014 for $14.8 million.

Representatives for Bruman Realty and Workable City Development did not respond to requests for comment.

Bruman Realty went under contract to buy sites in Dumbo late last year at 169 Tillary Street, 236 Gold Street and 240 Gold Street for about $55 million.  The company is also developing a 90-unit project in Greenpoint at 154 Eagle Street and a rental complex in Bushwick with 232 apartments across two buildings.

Workable City Development focuses on building homes throughout New York City, according to its website, so it is likely that the Clinton Hill property will undergo a residential conversion. Its other projects in New York are at 880 Woodward Avenue in Ridgewood, 7003 Third Avenue in Bay Ridge, and 42 Clermont Avenue in Fort Greene.

Related Article


Embattled Prodigy Network CEO Rodrigo Niño to step down

The Watchtower building at 25 Columbia Heights, CIM Group’s Shaul Kuba (right) and LIVWRK’s Asher Abehsera (Credit: Wikipedia, CIM Group, and LinkedIn)

JPMorgan leads $335M refi for CIM and LIVWRK’s Watchtower renovation

Multifamily market still reigns in Queens, Blackstone balks after rent reforms and more of the biggest CRE trends right now

Real estate titans … and their toys

257 Washington Avenue and Boaz Gilad (Credit: Google Maps)

Financially strapped Brookland Capital sheds another Brooklyn development site

Developer seeks $40M for Opportunity Zone site in downtown Newark

This East End icon might finally be closing in on a sale

Mack-Cali sells Paramus office property, Murphy enacts land bank reforms & more North Jersey real estate news