Monitor Holding has closed on the $16.5m sale of its three-story industrial property in the Queens neighborhood of Elmhurst, New York. The buyer plans to redevelop the 70,000 sq ft property which formerly housed several tenants that used the space for warehousing and distribution. Kalmon Dolgin Affiliates arranged the sale on behalf of the seller. “This large industrial property at 74-16 Grand Avenue presented a unique opportunity for the buyer,” said Neil Dolgin of KDA. “Its excellent location near the Long Island Expressway provides great exposure and offers easy access to and from Eastern Long Island, Brooklyn and Manhattan.”
