News: Brokerage

Kalmon Dolgin completes two leases at 1630 East 15th St. totaling 30,000 s/f

According to Neil Dolgin, executive VP of of Kalmon Dolgin Affiliates (KDA) has represented the owner Kingswood Partners LLC in two leases at 1630 East 15th St. The leases amount to a total of 30,000 s/f. The deals include the following: * The 4,000 s/f lease of office space to New York Eye and Ear that is expanding its presence in the area. Robert Klein and Grant Dolgin of Kalmon Dolgin Affiliates (KDA) has represented the owner Kingswood Partners LLC. The tenant was represented by Joseph Nehmad of Fillmore Real Estate. New York Eye and Ear signed a 15-year lease. * The 26,000 s/f of retail space to full-service grocer Olive Gourmet. Klein, Grant Dolgin, and Gary Mayzlin of KDA represented the tenant and the building owner, Kingswood Partners LLC. Olive Gourmet signed a 25-year lease. The three-story, 145,000 s/f, class A office building, built in 2007 is more than 70% leased. The building also has an attended 600-space underground parking garage. The building is pre-qualified for the Relocation and Employment Assistance Program (REAP) that provides a tax credit for businesses that relocate from outside of the city or from Manhattan below 96th St. Businesses receive $3,000 per relocated employee under the program, which significantly reduces the price per s/f. KDAis a 105-year-old, Brooklyn-based real estate firm. In addition to providing brokerage and management services, Kalmon Dolgin has acquired $300 million of its own real estate assets within the past year alone, primarily industrial and medical/office properties.
READ ON THE GO
DIGITAL EDITIONS
Subscribe
Columns and Thought Leadership
New York’s streets are full again, and the retail numbers prove it - by Noam Aziz

New York’s streets are full again, and the retail numbers prove it - by Noam Aziz

Walk down any New York block this year and you can feel it. The sidewalks are crowded, the storefronts are lit, and the energy that defines this city is back at full volume.
The death of the generic offering memorandum: What buyers expect in 2025 - by Kimberly Zar Bloorian

The death of the generic offering memorandum: What buyers expect in 2025 - by Kimberly Zar Bloorian

There was a time when an offering memorandum (OM) was pretty bare bones, some photos, a few bullet points on income, and a rent roll thrown in at the back. That used to get the job done. Not anymore. In 2025, buyers are sharper, faster, and more selective. They’re looking
Hunt commercial real estate question and answer: The total cost of relocation - by David Hunt

Hunt commercial real estate question and answer: The total cost of relocation - by David Hunt

You have a right to be concerned. I am always surprised at the companies that will negotiate the price of their new facility down to the last dollar, without thoroughly analyzing their
Artificial intelligence in lending - by Lindsay Mesh Lotito

Artificial intelligence in lending - by Lindsay Mesh Lotito

Artificial intelligence (AI) is beginning to help transform lending by enhancing decision-making, improving risk management and streamlining operations. With AI-powered tools that analyze vast amounts of data, lenders are able to assess borrower creditworthiness more accurately and efficiently. AI can evaluate a wide range of factors,