July 30, 2019
Kalmon Dolgin Affiliates (KDA) has arranged the $16.5-million sale of a 70,000-square-foot industrial property at 74-16 Grand Ave. in the Queens neighborhood of Elmhurst. KDA’s Neil Dolgin and Grant Dolgin negotiated on behalf of the seller, Monitor Holding Corp., and the buyer, 74-16 Grand Ave, LLC.
The buyer plans to redevelop the property to take advantage of its location and increasing value of surrounding properties. The building formerly housed several tenants that used the space for warehousing and distribution.
“This large industrial property at 74-16 Grand presented a unique opportunity for the buyer,” said Neil Dolgin. “Its excellent location near the Long Island Expressway provides great exposure and offers easy access to and from Eastern Long Island, Brooklyn and Manhattan.”
For comments, questions or concerns, please contact Paul Bubny