Queens cabinet seller relocating to Old Bethpage
New Star Kitchen of Flushing, Queens, will relocate to a one-story, 42,500-square-foot facility on Bethpage-Sweet Hollow Road in Old Bethpage. Credit: Google Maps
A Queens-based seller of kitchen cabinets and marble surfaces has closed on the $3.5 million purchase of a former moving and storage facility in Old Bethpage, according to Brooklyn-based brokerage Kalmon Dolgin Affiliates.
New Star Kitchen of Flushing will relocate from its current facility to the one-story, 42,500-square-foot facility as a result of high costs in New York City, Linda Wong of Kalmon Dolgin said in an email. The property was previously used by Advance Relocation Molloy Bros. Moving & Storage, which relocated to Farmingdale, according to a release from the brokerage.
New Star, which leased its previous location, plans to use the facility, located at 195 Bethpage-Sweet Hollow Rd., as a warehouse for cabinets, marble and granite building materials.
Local brokers say that in the last few years, high rental prices in the city, brought on by the construction of high-rise luxury apartments and condos, have slowly pushed many industrial tenants out of the area.
To meet rising demand for housing, developers and investors can pay as much as $300 to $400 per square foot for an industrial site before converting it to high-end residential offerings. By comparison, Island industrial spaces sell for $100 a square foot or less.
Other borough-based companies that have relocated to Long Island in recent years include Atlas Direct Mail, which relocated from Long Island City to Westbury; Quaker Sugar Co. Inc., which moved from Williamsburg to Hicksville; and Ruby Has Fulfillment, which moved to Bay Shore from its previous College Point location.
Brokers Jason Miller and Jeff Schwartzberg of Woodbury-based Premier Commercial Real Estate, along with Kalmon Dolgin, represented the buyer. William Becker of Racanelli, Becker and Associates LLC represented the seller. The deal closed last month.
'I'm going to try to avoid it' A trip to the emergency room in a Long Island hospital now averages nearly 4 hours, data shows. NewsdayTV's Virginia Huie reports.
'I'm going to try to avoid it' A trip to the emergency room in a Long Island hospital now averages nearly 4 hours, data shows. NewsdayTV's Virginia Huie reports.
