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

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.