$260M in sales and leases for Brooklyn firm.

Kalmon Dolgin Affiliates, Inc., the 102-year-old, Brooklyn-based real estate firm that specializes in industrial and commercial property brokerage and appraisal services and is one of New York City's most widely acclaimed borough specialists, has announced the completion of another banner year in a record-setting eighth straight increase in all segments: sales & leasing, management, appraisal & consulting and acquisitions.

Sale and leasing activity totaled more than $260 million with a team of over 35 brokers and sales staff; family acquisitions and sales transactions were in excess of $100 million.

"2005 was a tremendously busy year for Kalmon Dolgin Affiliates," said Josh M. Dolgin, vice president of Kalmon Dolgin Affiliates.

"There was strong sales and leasing activity in the outer borough, close-in Long Island and Northern New Jersey neighborhoods we handle. Manhattan companies being forced out of industrial West Side locations are finding cheaper space with amenities and transportation equal, or superior to, their former buildings at far lower rates. "

Family acquisition and sales transactions for the year were in excess of $100 million and include the purchase of the Falchi Building in Long Island City, the Queens industrial landmark valued at over $61 million, located at 31-00 47th Avenue.

The family also acquired the former Grumman property in Bethpage, NY, a 25-acre, 385,000 s/f combination office and warehouse space currently at 100% occupancy and valued at more than $25,000,000. Sales included the Smokestacks Building in Long Island City and a six-building industrial complex in Bloomfield, NJ.

Prominent leases included the 49-year lease for the space at 500 West 23rd Street in the Chelsea section of Manhattan for Leviev Boymelgreen, a developer planning for a 14-story luxury residence tower. Other notable tenants include Wonder Foods, Williamsburg Furniture, Forever Bath & Kitchen, Family Dollar, Dragonwood Imports, Daroma Restaurant Equipment and Care for the Homeless.

Some of Kalmon Dolgin Affiliates' most prominent sales transactions include the sale of 62-82 19th Street and 65-93 19th Street, a three- and four-story complex situated in the Park Slope/Sunset Park districts of Brooklyn valued at $15 million; 115 Sutton Street, a single-story, 9,000 s/ f warehouse in the Greenpoint for $1.6 million; 100 Sutton Street for $5.7 million; 242 South 1st Street, 5902 3rd Avenue and 361 Stagg Street in Brooklyn; 48-02 25th Avenue in Astoria, Queens; 1353 Webster Avenue in The Bronx; and 320 Elizabeth Avenue in Newark, NJ, as well as a host of other properties and development sites in The Bronx, Brooklyn and the Chelsea section of Manhattan. "Coupled with a plethora of tax incentives, this makes for a very compelling argument for the continued strength of these markets. Building owners that are forward-thinking have reinvented old spaces by equipping them with the latest in technological advances will have a distinct advantage, "Neil Dolgin, executive vice president, said. "Already more than one month into 2006, we are prepared for another banner year."