Adam Malul Acquires Office Building In St Albans For $2.8M

The office building located at 205-16 Linden Boulevard in St Albans has been sold in a closed transaction. The sale price for the property was $2,775,000. The building spans a total of 9,358 square feet, resulting in a price per square foot of $297. The buyer of the property is Adam Malul, while the seller is Uri Mermelstein.

Summary of Transaction Details

• Property Type: Office
• Transaction Amount: $2,775,000
• Address: 205-16 Linden Boulevard, St Albans
• Market: St Albans

The transaction was facilitated by the brokers Mark Akilov and Mike Sezan from Asset Commercial Realty Group. They represented their respective parties in the deal. For any future investment opportunities, interested parties can contact Mike Sezan at 646-363-6213 or [email protected], as well as Mark Akilov at 718-412-1364 or [email protected].

This off-market property was delivered fully vacant, offering great value-add potential. The building sits on a 13,700 square foot lot, providing ample space for further development. The current trend in the market suggests that office buildings of all sizes are being converted into housing units with the appropriate zoning in place.