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Brewery Property Sells for $22M

The Patchogue building that houses the Blue Point Brewery has been sold to a Brooklyn-based real estate investment firm.

Terms of the deal were not disclosed, however, industry sources pegged the price at $22 million. The Blue Point Brewery, which has a long-term lease at the property, remains in operation.

Bud and Brewery LLC, an entity controlled by the Dolgin family, headed by Kalmon Dolgin and Neil Dolgin, purchased the 108,000-square-foot building on 8.4 acres at 225 West Main St.

Originally the site of a fabric and lace mill in the late 1800s, the building was subsequently razed and reconstructed by the Knapp family and served as the long-time home of the family-owned Swezey Department Store.

After Swezey’s closed in 2003, the property was taken over by Briarcliffe College and used for classrooms and administrative headquarters. Once Briarcliffe announced their plan to close that location, the Blue Point Brewery brand signed on to move its entire operations to property, including brewing operations, tasting rooms, administrative offices and an entertainment and restaurant venue.

Blue Point, which is owned by Anheuser-Busch InBev, undertook a multi-million-dollar renovation that included removing most of the second floor to accommodate brewery processing equipment.

“The ongoing, long-term Blue Point lease has solidified the surging economic fortunes of Patchogue, and the Dolgin family is pleased to be part of this exciting venture,” Kal Dolgin said in a company statement. “This acquisition cements our presence in Suffolk County, adding to our medical portfolios in Stony Brook and East Setauket and more than 150,000 square feet of industrial space in Holtsville.”

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