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Acquisitions

LIVWRK acquires 4245 12th Street

Benatti family is the seller of the LIC warehouse

4245 12th Street (Credit: Pinnacle Realty)

Asher Abehsera’s LIVWRK + Isaac Hager’s Cornell Realty Management have acquired 4245 12th Street from the Benatti family for $17.8 million, according to the CO.

The Play: The partnership plans to redevelop the Long Island City warehouse into creative industrial and office space geared towards industrial tenants.

Dig Deeper: The property spans 41,400 square feet, and was delivered vacant. Although the lot is 7,500 square feet, the warehouse does not feature any unused development rights. (CO)

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