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New York & Tri-State  + Outer  + Industrial  |  July 30, 2019
Paul Bubny
By: Paul Bubny

New Owner Plans Redevelopment for Elmhurst Warehouse

Kalmon Dolgin Affiliates (KDA) has arranged the $16.5-million sale of a 70,000-square-foot industrial property at 74-16 Grand Ave. in the Queens neighborhood of Elmhurst. KDA’s Neil Dolgin and Grant Dolgin negotiated on behalf of the seller, Monitor Holding Corp., and the buyer, 74-16 Grand Ave, LLC.

The buyer plans to redevelop the property to take advantage of its location and increasing value of surrounding properties. The building formerly housed several tenants that used the space for warehousing and distribution.

“This large industrial property at 74-16 Grand presented a unique opportunity for the buyer,” said Neil Dolgin. “Its excellent location near the Long Island Expressway provides great exposure and offers easy access to and from Eastern Long Island, Brooklyn and Manhattan.”

For comments, questions or concerns, please contact Paul Bubny

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About Paul Bubny

Paul Bubny serves as Senior Content Director for Connect Commercial Real Estate, a role to which he brings 16-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 7-10 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).
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