
Kalikow Group Closes Sales in Brooklyn, Nassau County
The Kalikow Group, a fourth-generation, New York development and management firm based in Westbury, NY, recently completed the sale of two properties in a strategic divestment totaling $29.15 million.
Sold in the two separate transactions were:
- 68 Richardson St. Brooklyn, a 25-unit residential and retail property. The sale price was $21.5 million. Buyers were FREO group. The broker was Shaun Riney of Marcus & Millichap.
- 34 Lumber Rd., Roslyn, NY, a 38,989-square-foot industrial building in Nassau County currently leased to two separate tenants. The sale price was $7.65 million. Buyers were Ian Zwerdling and Vivian Zhang.
“These two transactions will help us further our investment strategy around the country, including our extensive work in the Southeast, where we are continuing to build multifamily residential projects to keep pace with the demand of growing suburban cities there,” said Greg Kalikow, VP of Kalikow Group.
- ◦Sale/Acquisition