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.