Philip Fava Acquires Medical Office Condo For $1,890,000 With Buyer's Rep Trevor & James Dunn

This transaction involves a medical office condo located at 8 Technology Drive # Unit 107 in East Setauket. The asset has a sale price of $1,890,000, encompasses a total area of 5,500 square feet, and is priced at approximately $343 per square foot.

Summary of transaction details:

• Property Type: Medical Office
• Transaction Amount: $1,890,000
• Address: 8 Technology Drive # Unit 107
• Market: East Setauket
• Square Footage: 5,500
• Price Per Square Foot: $343
• Buyer: Philip Fava
• Seller: Dahna Basilice
• Buyer's Representative: Trevor Dunn & James Dunn - Atlantic Property Services
• Seller's Representative: Bob Damon & Aaron Smiles - CRA Realty Advisors

The buyer, Philip Fava, was represented by Trevor Dunn and James Dunn from Atlantic Property Services, who highlighted the acquisition as a passive, stabilized investment. The seller, Dahna Basilice, had representation from Bob Damon and Aaron Smiles from CRA Realty Advisors. Notably, the property is 100% net-leased to SightMD on a pure NNN basis, featuring a long-term lease and zero landlord responsibilities.