Klein and Kohn of KDA broker $2.9 million sale of 42,200 s/f Jamaica, Queens property

Kalmon Dolgin Affiliates, Inc. (KDA) has arranged the sale of a 42,200 s/f property at 120-65 168th St. in the Jamaica section for $2.9 million, according to Neil Dolgin, co-president of the firm. Robert Klein and Joel Kohn of KDA represented the buyer, Oh! Nuts Candy, and the seller, Baisley Property. The space on 168th St. was bought by Oh! Nuts Candy, a shop which sells chocolates, nuts, and gift baskets. The company has four New York locations, and plans to use the building as a chocolate processing plant as well as their main distribution center. The site was ideal for the company, offering the tenant four interior loading docks, two drive-in doors, 20' ceilings and an 8,200 s/f parking lot. The U.S. Postal Service currently leases 13,000 of the 34,000 s/f building, and will continue to occupy the space until 2016. 120-65 168th St. is located in the Jamaica section with close proximity to the Southern/Belt Pwy. and Merrick Blvd. The Locust Manor and St. Albans Long Island Railroad stations are a few short blocks away, providing quick access to Manhattan. Founded in 1904, KDA 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. ###