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Michael Khodadadian Of Silverrock Equities LLC Acquires Retail Office In Farmingdale For $7.9M

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SOLD
$7,900,000

New York

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Office52,000 SF
Sold 10/15/2024
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Property Image
SOLD

Michael Khodadadian Of Silverrock Equities LLC Acquires Retail Office In Farmingdale For $7.9M

1111 Broadhollow Road

See Similar Deals
Office52,000 SF
Sold 10/15/2024
the dealplayerscompscontact
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Summary

NEW YORK
Asset Type:Office
Price Per Square Foot:$151
Total Square Footage:52,000 SF
Transaction Type:Sale

The property asset involved in this transaction is a retail/office building located at 1111 Broadhollow Road in Farmingdale. The sale price of the building was $7,900,000 with a total square footage of 52,000, translating to a price per square foot of $151. The building has an occupancy rate of over 90% and is anchored by various medical practices.

Summary of transation details:

  • Property Type: Retail / Office
  • Transaction Amount: $7,900,000
  • Buyer: Michael Khodadadian - Silverrock Equities LLC
  • Seller: Rosario Cassata
  • Broker: Sovereign Realty Group
  • Square Footage: 52,000
  • Price Per Square Foot: $151

This transaction marks Michael Khodadadian’s 8th acquisition in the Long Island retail office market since 2021. The buyer intends to expand the presence of medical professionals within the property.

Players

Clem Coté
Sovereign Realty Group
Clem Coté
7 deals$55.4M volume(516) 340-9696
BROKER

Details

SOLD
IMAGE: Michael Khodadadian & Clem Cote DATE: 11/15/2024 ADDRESS: 1111 Broadhollow Road MARKET: Farmingdale ASSET TYPE: Retail / Office BUYER: Michael Khodadadian (@MichaelKhodadadian) - Silverrock Equities LLC SELLER: Rosario Cassata BROKER: (@ClemCote) - Sovereign Realty Group (@SovereignRealtyGroupLLC) SALE PRICE: $7,900,000 SF: 52,000 ~ PPSF: $151 NOTE: This marks Michael Khodadadian’s 8th Acquisition since branching into the Long Island retail office market in 2021. The 52,000 sq. ft. building was purchased for $7.9M at $151 per sq. ft. with an occupancy rate of over 90%. The building is anchored by a variety of prominent medical practices and the firm aims to add more medical professionals.

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