Reiffman Group Acquires Medical Office In Plainview For $6.7 Million From Reservoir Associates

A medical office property located at 700 Old Country Road in Plainview was sold for $6.7 million. This asset encompasses 33,000 square feet, leading to a price per square foot of $203.

Summary of transaction details:

• Property Type: Medical Office
• Transaction Amount: $6,700,000
• Buyer: Ross Reiffman - Reiffman Group
• Seller: Reservoir Associates
• Square Footage: 33,000
• Price per Square Foot: $203

As part of a broader healthcare real estate initiative worth $100 million, the Reiffman Group plans to invest an additional $1.5 million to modernize the facility.