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Middle Market Digest: The Northeast

BROOKLYN, NY—Kalmon Dolgin Affiliates arranged the $12.8 million sale of a 20,000-square-foot development site at 1508 Herkimer Street in the Ocean Hill section of Brooklyn, NY. KDA broker Robert Klein (pictured) represented the seller, Van Herk Realty, while Allison Chambers, also of KDA represented the buyer, 1508 Herkimer LLC. The site allows for approximately 84,000 square feet of development. The buyer plans on building a four-story office building on the site, to be occupied by a city agency that was looking for more space. The city agency, a tenant of the building across the street which is also owned by the buyer, was looking for local space to expand into.


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