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.
Paul Bubny serves as Senior Content Director for Connect Commercial Real Estate, a role to which he brings 13-plus years’ experience covering the commercial real estate industry and 30-plus years in business-to-business journalism. In this capacity, he oversees daily operations while also reporting on both local/regional markets and national trends, covering individual transactions across all property types, as well as delving into broader subject matter. He produces 15-20 daily news stories per day and works with the Connect team and clients to develop longer-form content, ranging from Q&As to thought-leadership pieces.
Prior to joining Connect, Paul was Managing Editor for both Real Estate Forum and GlobeSt.com at American Lawyer Media, where he oversaw operations at both publications while also producing daily news and feature-length articles. His tenure in B2B publishing stretches back into the print era, and he has served as Editor in Chief on four national trade publications.
Since 1999, Paul has volunteered as the newsletter editor of passenger rail advocacy groups (one national, one local).