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90K-SF Property Sold in the Bronx

NEW YORK CITY—The buyer is a storage company that has had a lease with an option to acquire the building since 2011, spotlighting this wrap-up of recent area deals.

By Rayna Katz | Updated on May 22, 2015

NEW YORK CITY—Kalmon Dolgin Affiliates represented the buyer and seller in the sale of a 90,000-square-foot property at 1351 and 1339 Jerome Ave./1320 and 1342 Inwood Ave. in the Mount Eden section of the Bronx. The property traded for $9 million and the seller was Boss Realty. The buyer, Jerome Avenue Storage Associates–operating under American Self-Storage–is one of two current tenants, and has held a lease with the option to buy since 2011 in a deal arranged by KDA brokers Grant Dolgin and Dmitri Gourianov. The brokerage duo also negotiated a 12,000-square-foot lease in 2013 for Antillana Supermarket, a chain of stores at the property.

ABS Partners Real Estate has secured 13,954 square feet of new leases at 1001 Ave. of the Americas, a 24-story and penthouse office building on the northwest corner of 37th Street. The first transaction was a full-floor, 12,017-square-foot lease for Schulman Lobel, which already occupied the entire 10th floor of the building and will be doubling its presence by occupying the second floor too. Second was a 1,937-square-foot relocation for OLX, which will move to the 18th floor of the building from 485 Seventh Ave. Jay Caseley of ABS represented both the tenant and the landlord in the Schulman Lobel deal, along with the landlord in the OLX deal. That tenant was represented by Elliot Warren of the Kaufman Organization. Asking rents in both deals were $52 per square foot.

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