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Building sales update: 2 bldgs sell in Brownsville

Kalmon Dolgin Affiliates Inc. (KDA) reports the sale of two industrial buildings in Brownsville.
The two properties, at 252 Newport St. and 507 Osborn St., sold for $6.3 million, according to Kalmon and Neil Dolgin, co-presidents.
Neil Dolgin, Grant Dolgin and Neil Fertile of KDA represented both the seller, Imperial Paper Box Corp., and the buyer, Tuck It Away Newport I/Tuck It Away 2/Tuck It Away Osborn LLC.
The two properties, totalling 138,000 square feet, were occupied by one tenant for more than 50 years. They are described as follows:
• 252 Newport St. is a 70,000-square-foot, four-story warehouse with a full basement. The warehouse offers two loading docks and high ceilings.

• 507 Osborn St. is a 58,000-square-foot, one-story building, also with a full basement. 

“Both are ideal for self-storage facilities, as the area has recently seen a boost in residential development,” said Dolgin.
October 17, 2012 - 4:21pm


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