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Retail hotspot for sale/lease.


Kalmon Dolgin Affiliates, Inc. has been named exclusive agent by Mylaw Realty for their three-story, 8,500 s/f space at 92-24 Merrick Blvd. in the Jamaica section of Queens, NY.

Neil Dolgin, executive vice president of Kalmon Dolgin Affiliates, made the announcement.

According to according to
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 Robert Klein Robert Klein (born February 8, 1942) is an American stand-up comedian and actor. Biography
Early life
Klein was born in the Bronx to Frieda (née Moskowitz) and Benjamin Klein[1][2]
 and Jeffrey Unger, of Kalmon Dolgin Affiliates, exclusive agents for the new assignment, the building is located just steps off of Jamaica Avenue Jamaica Avenue or The Ave., as it is called by locals, is a major avenue in the New York City borough of Queens, New York, United States. Jamaica Avenue starts off from Fulton Street (replacing East New York Avenue) in the East New York neighborhood in Brooklyn, and goes  and offers excellent visibility and frontage.

Situated in one of the busiest shopping areas in Queens, the building is positioned directly across from the new Home Depot The Home Depot (NYSE: HD) is an American retailer of home improvement and construction products and services.

Headquartered in Vinings, just outside Atlanta in unincorporated Cobb County, Georgia, Home Depot employs more than 355,000 people and operates 2,164 big-box
 retail store, currently under construction.

Available for sale or lease, the property is easily divisible DIVISIBLE. The susceptibility of being divided.
     2. A contract cannot, in general, be divided in such a manner that an action may be brought, or a right accrue, on a part of it. 2 Penna. R. 454.
 for the investor or occupant occupant n. 1) someone living in a residence or using premises, as a tenant or owner. 2) a person who takes possession of real property or a thing which has no known owner, intending to gain ownership. (See: occupancy)  with 3,700 s/f on the ground floor and an additional 2,400 s/f on both the second and third floors.

The current asking price for the property is $2,500,000. It is also available for lease at $15,000 per month.

"Jamaica has recently garnered popularity with emerging retailers such as Home Depot, Regal Cinemas, the Gap and Old Navy stores," Mr. Klein commented.

"Very high pedestrian traffic, a vast array of shopping venues and proximity to all major transportation offer three floors of value to both the investor and tenant."

"The space extends the rare option to buy or lease with three floors that can be subdivided or utilized as a whole," Mr. Unger said.

"The property at 92-24 Merrick Blvd. presents a tremendous opportunity to the tenant or investor, especially with the arrival of Home Depot as a neighbor!"
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Article Details
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Publication:Real Estate Weekly
Geographic Code:1USA
Date:Jan 18, 2006
Words:262
Previous Article:Two not-for-profits sign leases totaling 22,000 s/f.
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