X

Thank you for sharing!

Your article was successfully shared with the contacts you provided.

LONG ISLAND CITY, NY-Brooklyn-based Kalmon Dolgin Affiliates was named exclusive leasing agent to fill 120,000 sf of contiguous space in a 650,000-sf mixed-use development here. The seven-story property at 2302 Hunters Point Ave. was redeveloped from industrial to mixed-use within the past 10 years. According to Jeffrey Unger of KDA, who will head up the leasing team for this new assignment, the property is suitable for a variety of uses. The building’s concrete and steel construction offers heavy floor loads, wide-column spacing, multiple private interior loading and storage areas and huge freight elevator capacity, he says. The available space is divisible to units of 80,000 and 40,000 sf. Private lobby, passenger elevator and loading dock opportunities are also available for large users.

Located in an economic development zone, the building offers qualified tenants tax benefits of $3,000 per employee per year for 12 years. Qualified tenants can substantially reduce their effective net rents, possibly to the low single digits, through available tax incentives, according to Unger.

Want to continue reading?
Become a Free ALM Digital Reader.

Once you are an ALM digital member, you’ll receive:

  • Unlimited access to GlobeSt and other free ALM publications
  • Access to 15 years of GlobeSt archives
  • Your choice of GlobeSt digital newsletters and over 70 others from popular sister publications
  • 1 free article* every 30 days across the ALM subscription network
  • Exclusive discounts on ALM events and publications

*May exclude premium content
Already have an account?

Dig Deeper

GlobeSt

Join GlobeSt

Don't miss crucial news and insights you need to make informed commercial real estate decisions. Join GlobeSt.com now!

  • Free unlimited access to GlobeSt.com's trusted and independent team of experts who provide commercial real estate owners, investors, developers, brokers and finance professionals with comprehensive coverage, analysis and best practices necessary to innovate and build business.
  • Exclusive discounts on ALM and GlobeSt events.
  • Access to other award-winning ALM websites including ThinkAdvisor.com and Law.com.

Already have an account? Sign In Now
Join GlobeSt

Copyright © 2021 ALM Media Properties, LLC. All Rights Reserved.