A couple months ago, one of Brooklyn’s most active and under-the-radar developers, Isaac Hager, crossed into Queens to buy a 50,000-square-foot Long Island City warehouse for just shy of $20 million. But while reviewing the deal’s terms, Hager uncovered a problem: He could not take advantage of the property’s total floor-area ratio. The discovery could have scored him at least $1 million off the price, according to his broker David Junik of Pinnacle Realty. But when […]
source https://therealdeal.com/2018/05/09/how-isaac-hager-became-one-of-brooklyns-most-active-developers/
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