Dolgin family sells Queens retail portfolio.

In one of the largest per square foot retail sales the area has ever seen, Kalmon Dolgin Affiliates has arranged the disposition of the retail properties at 90-53 to 90-61 Sutphin Boulevard in Jamaica, Queens.

Totaling 18,000 s/f in three two-story buildings, the properties have been owned by the Dolgin family for over 50 years. Neil Dolgin, executive vice president of Kalmon Dolgin Affiliates, made the announcement.

Located on a prime retail block in the vibrant Jamaica section of Queens near JFK Airport, the properties offer close proximity to the subway, Long Island Railroad, surface transportation and the Queens court system. Kalmon Dolgin Affiliates represented both the buyer and the seller in the transaction.

The existing ground-floor retail tenants in the three side by side buildings have vacated the proper ties as a condition of the sale, and the new owner, 90-53 Sutphin Properties LLC, has leased part of the retail space to Bank of America, with two other leases pending on the remainder of the space. The second floor tenants, including a dentist and other professional services, will continue to lease space at the properties.

"This was a great deal for both the buyer and the seller," said Neil Dolgin, executive vice president of Kalmon Dolgin Affiliates. "These properties have been a valuable part of the Dolgin family portfolio for over a half a century, but the buyer made an outstanding offer and the time was right to make the sale."