Brooklyn, NY Kalmon Dolgin Affiliates, Inc. (KDA) has arranged the sale of a 32,000 s/f, two-story property at 5718 2nd Ave. in the Sunset Park area of the borough for $12.1 million.
KDA brokers Jeffrey Unger and Robert Klein represented the buyer, NYU/Lutheran Medical Center, and the seller, S.I.B.R. Realty, LLC.
The concrete and steel building at 5818 2nd Ave. has 20-ft. ceilings, a 7,000 s/f mezzanine, and 12,500 s/f floor plates. It is near the Brooklyn Army Terminal and one block from the NYU/Lutheran Medical Center on 55th St.
“The purchase of 5718 2nd Ave. was a desirable deal for NYU/Lutheran, as it allows the medical center to control its future growth in the region,” said Neil Dolgin of KDA. “The Sunset Park area is experiencing a transformation and we’re seeing tenants in a variety of industries looking to occupy space here.”
Founded in 1904, Kalmon Dolgin Affiliates offers over a century’s worth of experience in the management, sale, leasing and marketing of commercial and industrial property throughout the New York Metropolitan region. In addition to its staff of 35 brokers, Kalmon Dolgin Affiliates, through its subsidiary, KND Management Co., Inc., operates a portfolio of over six million square feet of industrial, office, medical and retail space in ten states. Their highly-trained professionals offer a practical, street-wise approach to real estate, supported by the latest in real estate management and research technology and four generations of unparalleled expertise.