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Kalmon Dolgin Affiliates Arranges $7.3 M Sale of Brooklyn Industrial Property

Kalmon Dolgin Affiliates has arranged the $7.3 million sale of a 60,000 square foot industrial property at 950 Georgia Avenue in the Spring Creek area of Brooklyn.  The two story property consists of a 20,000 square foot ground floor, 20,000 square foot basement, and 20,000 square foot yard.


Neil Dolgin and Gary Mayzlin of KDA represented both the buyer, 950 Georgia Holdings, LLC and the seller, LMJI, LLC, which built the property n 2007.  The buyer will use 950 Georgia Avenue as a warehouse and storage facility.


LMJI LLC used the space for steel fabrication and opted to sell the building as its owner approached retirement.  The property includes 28′ foot ceilings, multiple drive-in doors, and a drive down ramp to the basement.


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