Kalmon Dolgin Affiliates named exclusive sales agent for 256,000 s/f Long Island City property

Queens, NY A team led by Neil Dolgin and Jeffrey Unger of Kalmon Dolgin Affiliates has been retained by ownership as the exclusive agents for the sale of a massive three-story, 256,000 s/f, multi tenanted building with parking located at 48-49 35th St, in Long Island City. Located between 48th and Hunters Point Aves., just off the Long Island Expressway and Greenpoint Ave. and two blocks the Queens Blvd.  subway, the asset has been meticulously maintained and is currently 80% leased. The vacant 54,000 s/f available comprises a 40,000 s/f penthouse with great light and outstanding views from all four sides and a ground floor area of 14,000 s/f adjacent to the parking area. The parking area is a separate tax lot allowing for additional development opportunities. “Given the recent interest, activity and sales in the immediate area we feel this property is a tremendous value and offers an investor or partial user a solid, stable and secure investment with a very strong upside,” said Jeff Unger of Kalmon Dolgin Affiliates. The Long Island City area has experienced remarkable change the business sector and it continues to experience tremendous growth in investment, redevelopment and revitalization. “With its great infrastructure and exceptional access to public transportation, Long Island City has firmly established itself as a desirable destination point for all business sectors such as office, showroom, design, fashion and tech companies,” said Neil Dolgin, co-president of KDA. “Long Island City has become one of New York City’s most active investment and redevelopment markets. We’re seeing a lot of sales in this submarket and this building presents a great opportunity for an investor to take this building to the next level.”