NEW YORK CITY—Kalmon Dolgin Affiliates, Inc. has been named theexclusive sales agent for 5714-5728 1st Ave., a 100,000square-foot commercial building on the waterfront of Brooklyn'sSunset Park neighborhood, GlobeSt.com has learnedEXCLUSIVELY. Adjacent to the Brooklyn ArmyTerminal, the three-story building is leased to multiple short termtenants and can be delivered vacant.

Kalmon Dolgin Affiliates broker Gary Mayzlin is the brokerhandling the exclusive listing. “The property represents avalue-add opportunity for investors and users to reposition thisunique property and meet the large demand for commercial space inthe area,” he says.

The property can accommodate a variety of uses, including officespace, high-tech spaces, labs, media production, healthcare,self-storage and others. The neighborhood is undergoing atransformation from a strictly industrial area to that of acreative work environment, and is becoming home to a number ofcompanies relocating from Manhattan and the boroughs.

Continue Reading for Free

Register and gain access to:

  • Breaking commercial real estate news and analysis, on-site and via our newsletters and custom alerts
  • Educational webcasts, white papers, and ebooks from industry thought leaders
  • Critical coverage of the property casualty insurance and financial advisory markets on our other ALM sites, PropertyCasualty360 and ThinkAdvisor
NOT FOR REPRINT

© 2024 ALM Global, LLC, All Rights Reserved. Request academic re-use from www.copyright.com. All other uses, submit a request to [email protected]. For more information visit Asset & Logo Licensing.

Rayna Katz

Rayna Katz is a seasoned business journalist whose extensive experience includes coverage of the lodging sector, travel and the culinary space. She was most recently content director for a business-to-business publisher, overseeing four publications. While at Meeting News, a travel trade publication, she received a Best Reporting award for a story on meeting cancellations in New Orleans during Hurricane Katrina.