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Wong of KDA and Schwartzberg and Miller of Premier handle $3.5 million sale


Jason Miller,

Premier Commercial Real Estate
JeffSchwartzberg_headshot_10 1

Jeff Schwartzberg,

Premier Commercial Real Estate

Old Bethpage, NY According to Kalmon Dolgin and Neil Dolgin, co-presidents of Kalmon Dolgin Affiliates, Inc. (KDA), the firm has arranged the sale of a one-story, 42,500 s/f property at 195 Sweet Hollow Rd., for $3.5 million.

Linda Wong of KDA, along with Jason Miller and Jeff Schwartzberg of Premier Commercial Real Estate, represented the buyer Long Guang Lin, while William Becker of Racanelli, Becker and Associates LLC represented the seller, 195 Sweet Hollow Road Corp.

The buyer will use the warehouse space for its kitchen cabinet and marble business, New Star Kitchen. The property was formerly used by Advance Relocation Molloy Brothers Moving and Storage, which has relocated its operations to Farmingdale.

The one-story property has a 5,000 s/f office, and high ceilings – 25,000 s/f of the space offers 16-ft. ceilings while 17,000 s/f feature 24-ft.ceilings. Located between Winding Rd. and Hub Dr., 195 Sweet Hollow Rd. offers access to the Seaford Oyster Bay Expressway, Long Island Expressway, Rte. 110, and Old Bethpage Rd.

Founded in 1904, Kalmon Dolgin Affiliates offers over a century’s worth of experience in the management, sale, leasing and marketing of commercial and industrial property throughout the New York Metropolitan region. In addition to its staff of 35 brokers, Kalmon Dolgin Affiliates, through its subsidiary, KND Management Co., Inc., operates a portfolio of over six million square feet of industrial, office, medical and retail space in ten states. Their highly-trained professionals offer a practical, street-wise approach to real estate, supported by the latest in real estate management and research technology and four generations of unparalleled expertise.


Suffolk IDA assists Huntington Station project


The Suffolk County Industrial Development Agency voted to provide economic incentives to Plainview-based
Renaissance Downtowns’ redevelopment project that officials say would foster revitalization, spurring economic
development in Huntington Station.

Renaissance Downtowns is working in partnership with RXR on this $5.12 million project. It would include in its first phase the construction of a 22,599 square-foot mixed-use building featuring 16 rental apartments and 6,200 square feet of retail and commercial space on the ground floor. The project is expected to be completed in July of 2017.

The Northridge Project, as its called, would be situated at New York Avenue and Northridge Street, a busy location
that is also a five-minute walk from a Long Island Railroad station. The property has sat vacant and not generated
any tax revenues in decades, officials said.

“Revitalization projects that include mixed-use space, like what is planned for Huntington Station, are the types of
projects we hope to support as they provide a great boost to the economy and community,” said Tony Catapano,
Suffolk IDA’s executive director, in a statement.

“The economic opportunities a project like this can provide a community are significant, especially when you
consider its proximity to mass transit and main thoroughfares,” he added.

The community and the developers signed a community benefit agreement, stating that 25 percent of contracting
jobs would go to Huntington Station contractors. In addition, 25 percent of all construction and permanent jobs are
targeted for Huntington Station residents. And a fund would be established to help support community-based
programs across Huntington Station.

In working with the IDA, Renaissance Downtowns would receive a sales tax exemption of $200,908 and mortgage
recording tax exemption of $39,041. The developer would receive a property tax abatement of $660,082 over a period of 15 years, but would be paying more than $1.4 million in property taxes over that same period. The
developer said it “would not proceed with the project” without financial assistance by the IDA.

“IDA assistance helps Renaissance Downtown at Huntington Station make this a viable project, while still offering
the residents of Huntington Station a significant benefits package,” said Kelly Morris, Suffolk IDA deputy executive
director, in a statement.

“The project will prove to be another example of how lowering costs for businesses in the short term leads to
increased economic activity and a more expansive tax base in the long term,” she added.

The project is expected to generate 16 full-time jobs, with average salaries between $42,500 and $47,500.

Sleepy’s to lay off 28 in Hicksville in wake of mergers


Sleepy’s issued a WARN notice that it will lay off 28 employees at its Hicksville headquarters. (Credit: Howard Schnapp)
Sleepy’s, the Long Island mattress retailer that was bought by Mattress Firm, which was in turn gobbled up by a South African company, says in a regulatory notice that it will lay off 28 employees at its Hicksville headquarters.
The layoffs, in the company’s finance and accounting unit, could begin as early as Dec. 31 and extend to April, according to the WARN notice posted Friday.

The reductions come in the aftermath of Sleepy’s being purchased in February by its competitor Mattress Firm Holding Corp. in Houston. And last month, South African retail giant Steinhoff announced it was buying Mattress Firm.

“The reduction in jobs . . . is a result of Mattress Firm’s efforts to realize efficiencies by reducing duplicative jobs created through Mattress Firm’s acquisition of Sleepy’s,” said Jody Putnam, Mattress Firm’s talent and integration officer.
Putnam said the company would offer employees severance packages and jobplacement services. At the time of the purchase by Mattress Firm, Sleepy’s, which was a family-owned business with roots dating to 1931, had about 3,400
employees overall, including those at its more than 1,000 stores and other facilities. Its website showed about 40 stores on Long Island.

Under New York’s Worker Adjustment and Retraining Notification Act, companies with at least 50 full-time employees must give them at least a 90-day notice of a mass layoff or closing.