Michael Khodadadian Acquires Fully-Leased Medical Office In Great Neck For $4.5M

415 Northern Boulevard is a two-story, fully-leased medical office building located in Great Neck, NY. The property features a total square footage of ±16,200 SF and is situated on a 22,002 SF lot with 200 feet of frontage along Northern Boulevard. It was sold for $4,500,000, translating to a price per square foot of $288. The building is currently leased to CityMD and Passes Dental Care, with a recently extended 5-year lease for CityMD and long-term tenancy from Passes Dental Care.

Summary of transaction details:

• Property Type: Office
• Transaction Amount: $4,500,000
• Square Footage: 16,200 SF
• Address: 415 Northern Boulevard
• Market: Great Neck
• Buyer: Michael Khodadadian
• Seller: Edward Khalily
• Brokers: Daniel Abbondandolo, Joegy Raju & Victor Little - Cushman & Wakefield

Cushman & Wakefield's Capital Markets team, led by Daniel Abbondandolo, Joegy Raju, and Victor Little, represented the seller in this transaction, facilitating a significant deal in a high-traffic commercial corridor.