Dr. Alex Weingarten & Dr. Phil Fyman Sell Syosset Medical Office For $3.1M

The office building located at 121 Eileen Way in Syosset, NY has been sold in a recent transaction. The property spans 10,000 square feet and is situated on approximately one acre of land. It includes 63 parking spaces in the rear and front of the building, providing ample parking for visitors. The building was delivered partially vacant, offering the buyer around 7,000 square feet of turn-key medical space.

Summary of transaction details:

• Property Type: Office
• Date: 02/28/2022
• Address: 121 Eileen Way, Syosset, NY
• Market: Syosset
• Sale Price: $3,125,000 (~$312 per square foot)

The sellers of the property were Dr. Alex Weingarten and Dr. Phil Fyman. The transaction was facilitated by the broker team of Rob Kuppersmith, Daniel Abbondandolo, and Joegy Raju from Cushman & Wakefield. The sale of the building is a testament to the thriving medical end-user sector in Nassau County. The demand for well-located, freestanding medical properties continues to thrive even in the post-COVID era.

This pocket of Syosset, located just off Jericho Turnpike, has become a medical haven in recent years. The property's proximity to the Syosset Northwell Hospital, approximately 1 mile to the west, and easy access to major highways make it an ideal location for medical professionals. Its partial vacancy and turn-key medical space made it an attractive investment for the buyer.

NOTE: Rob Kuppersmith, Daniel Abbondandolo, and Joegy Raju (Team Abbondandolo) from Cushman & Wakefield successfully represented the seller in the transaction. For more information about this deal, please contact Team Abbondandolo and Team Kuppersmith at 631-425-1232.