Hildreth Real Estate Advisors Acquires Office Complex In Riverhead For $3.1M

The recent sale of a professional office complex located at 518 East Main Street in Riverhead has been announced. The property, which spans 16,460 square feet, was sold for a total price of $3,100,000, resulting in a price per square foot of $188.

Summary of Transaction Details

• Property Type: Office
• Transaction Amount: $3,100,000
• Address: 518 East Main Street
• Market: Riverhead
• Square Footage: 16,460
• Buyer: Hildreth Real Estate Advisors - David Shorenstein, Jason Breitstone & Yair Sarraf

Hildreth Real Estate Advisors (HREA) expressed their satisfaction in acquiring this office complex which features a diverse mix of seven tenants including professionals and medical practitioners. Prior to the closing, HREA successfully negotiated a 5-year extension with the anchor tenant. As part of their ongoing efforts to expand their commercial property portfolio on Long Island, HREA is actively searching for potential opportunities. They encourage interested parties to send property information to [email protected].