By Joshua Burd
The longtime home of an embroidery factory in Guttenberg has changed hands and is now slated to be redeveloped as multifamily housing, a broker with McBride Corporate Real Estate said.
According to the firm, 69th Street Properties LLC sold the 5,000-square-foot structure at 425-427 69th St. for an undisclosed price. JSL Realty LLC purchased the property, once the main production facility for Deerbrook Fabrics.
McBride Executive Vice President John D’Amato represented both parties, having also represented Deerbrook in the sale of its warehouse in Fairview. According to the broker, the 69th Street property is to be redeveloped for multifamily housing.
