Sailesh Gandhi Purchases Syosset Hotel From Jeffrey Goldstein For $14M

The hotel located at 24 Oak Drive in Syosset was sold for $14,000,000. Spanning 48,000 square feet, the property was purchased at a price per square foot of $292. The transaction took place on 03/27/2024 with Sailesh Gandhi buying from Jeffrey Goldstein. The seller was represented by Charles Chang from Highcap Group.

Summary of transaction details:

• Property Type: Hotel
• Transaction Amount: $14,000,000
• Address: 24 Oak Drive
• Market: Syosset
• Buyer: Sailesh Gandhi
• Seller: Jeffrey Goldstein
• Broker: Charles Chang - Highcap Group
• SF: 48,000
• PPSF: $292

With a total of 82 keys, the hotel was sold at a rate of $170,700 per key, as noted by the broker involved in the deal.