Lee NYC Scores a Sweet Sale With Long Island City’s Chocolate Factory Theater

8/11/17

Holloman Brings Performance Center to 38-29 24th Street

Alfonso Holloman, Senior Managing Director/Principal of Lee & Associates NYC LLC has arranged the sale of a 7,500-square-foot one-story building at 38-29 24th Street for $3.75 million to the Chocolate Factory Theater. The open space will serve as a venue for the Long Island City-based troupe’s theatrical and dance performances, as well as such cultural events as the Annual Taste of Long Island City. The building, at the corner of 24th Street and 39th Avenue, is conveniently located near the N, 7, W, F, E, M and R trains. Surrounding retailers include Crescent Grill, Vincent Italia Marble Works, Alma Gourmet and Eau de Luxe.

“The commitment of the Chocolate Factory Theater to Long Island City affirms the area’s ongoing status as a hub for the arts, as well as business,” says Mr. Holloman. “This sale also establishes Long Island City as a destination for theatergoers citywide.”

Mr. Holloman represented both the buyer and the seller, Robert Salerni. The Chocolate Factory Theater plans to relocate from 5-49 49th Avenue, Long Island City to the new space.

About Lee & Associates NYC

The New York office of Lee & Associates, and its affiliated company Sierra Real Estate LLC, provides a full array of corporate advisory and commercial real estate services, including office and retail brokerage, sales and investments, and project and property management. Together, the firms have more than 85 real estate professionals in its 600 Madison Avenue headquarters office. Additional information is available at www.leeassociatesnyc.com

About Lee & Associates

Celebrating more than 35 years of leadership and excellence in commercial real estate, Lee & Associates is the largest broker-owned firm in the country with 59 locations across the nation including California, Arizona, Florida, Georgia, Idaho, Illinois, Indiana, Kansas, Maryland, Michigan, Missouri, Nevada, New Jersey, New York, Ohio, South Carolina, Texas, Pennsylvania, Washington, and Wisconsin. With almost 800 brokers nationwide, Lee & Associates provides a wide range of specialized commercial real estate services on a local, regional and national level. Additional information can be found at http://www.lee-associates.com. You can also follow us on Facebook, LinkedIn and Twitter.

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