locally owned since 1854

Bunky’s property sold for $110,000, which is $40,000 below asking price

By Dan Miller

danmiller@pressandjournal.com

717-944-4628
Posted 10/10/18

The property known as Bunky’s at 10-16 S. Union St. in downtown Middletown has been sold.

The new owner is an entity known as KRP Limited, according to a deed that was filed online on the …

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Bunky’s property sold for $110,000, which is $40,000 below asking price

Posted

The property known as Bunky’s at 10-16 S. Union St. in downtown Middletown has been sold.

The new owner is an entity known as KRP Limited, according to a deed that was filed online on the Dauphin County website Tuesday afternoon.

KRP Limited purchased the property for $110,000 from Al Dolatoski and Joyce E. Sipe. Dolatoski has owned the building since 1998, when he purchased the property for $129,500, according to county records.

The property transfer took place Sept. 26. The red “For Sale” sign that had been put up by commercial real estate agents NAICIR was replaced last week with a “Sold” sign.

Dan Alderman, the broker handling the sale for NAICIR, confirmed in an Oct. 3 email to the Press & Journal that sale of the building had closed, but said he had been told by the buyer not to give out any information.

The property had been listed for sale for $150,000 since July.

The property has apartments upstairs and space for retail on the first floor. However, the building has been vacant for several years and has been considered an eyesore by borough officials, including members of council and Mayor James H. Curry III.

Concerns over the building having deteriorated to where it was a safety hazard led the borough in July 2017 to obtain a warrant so a structural engineer could go inside and inspect it.

Results of the inspection led to the borough citing Dolatoski for code violations. After a hearing in May, District Judge David Judy found Dolatoski guilty and ordered him to pay a $300 fine plus $90.25 in court costs and fees.

However, Judy said he would hold off on collecting the fine, giving Dolatoski 30 days to apply for a permit from the borough to start correcting violations.

Dolatoski said during the hearing he planned to sell the building.

“Through our Code Department, the borough has worked tirelessly to obtain a positive  response regarding the violations at this property. We are optimistic that the new owners will give the property the attention that is needed  to make it a safe and habitable building as soon as possible,” said Ken Klinepeter, borough manager.