$12.3M of land sells in Greenpoint

Two separate sites in Greenpoint, Brooklyn have been sold for a total of $12.3 million, Crain’s reported. One sale was the former site of PS 59 at 535 Leonard Street for $2.3 million. The two-story, 13,500-square-foot property was purchased by condominium developer MDIM, who plans to convert it into an 18-unit condo building, with construction slated to begin in the fall. Joseph Nichols of Kalmon Dolgin Affiliates represented the buyer as well as the seller, Polish Legion of American Veterans. The second sale, also arranged by Dolgin, was of an 114,000-square-foot development site at 365 Kingsland Avenue, which was sold by Broadway Stages to Kingsland 359 LLC for $10 million. The new owners plan to continue to use the site as an industrial storage facility. [Crain’s]