PD Equities Acquires Office Property In Cedarhurst From Equishares For $6.35M

The office property located at 499 Chestnut Street in Cedarhurst was recently sold for $6,350,000. The transaction took place on December 16, 2020. The property consists of 36 units, including 32 office spaces and 4 retail units. The buyer, PD Equities, was represented by Joseph Hoch. The seller, Equishares, was represented by Matt Press. The deal was facilitated by Michael Guttman of Rosewood Realty Group NY.

Summary of transation details

• Property Type: Office
• Transaction Amount: $6,350,000
• Units: 36 (32 Office, 4 Retail)
• Buyer: PD Equities - Joseph Hoch
• Seller: Equishares - Matt Press
• Broker: Michael Guttman - Rosewood Realty Group NY

This sale highlights the successful transaction of an office property in Cedarhurst's market. The involvement of PD Equities as the buyer and Equishares as the seller demonstrates their interest in the area's real estate market. Joseph Hoch represented PD Equities in the deal, while Matt Press represented Equishares. Michael Guttman, a broker from Rosewood Realty Group NY, played a crucial role in facilitating the transaction.