SOLD
Picone Realty Acquires Office Building In Melville For $7.9M
585 broad hollow road
Office
11,300 SF
11,300 SF
Sold 1 year ago
Summary
Sale
NEW YORK
Office
11,300 sqft
The office property located at 585 Broad Hollow Road in Melville has been sold. The transaction took place on January 3, 2023, with a sale price of $7,900,000. The property spans across 11,300 square feet, resulting in a price per square foot of $699. This office asset sits on a 3-acre lot, bringing the price per acre to $2,633,333.
Summary of transaction details
- Property Type: Office
- Transaction Amount: $7,900,000
- Square Footage: 11,300
- Price per Square Foot: $699
- Lot Size: 3 acres
- Price per Acre: $2,633,333
- Market: Melville
- Buyer: Picone Realty
The sale was facilitated by the brokers involved in the deal. Michael Tuccillo and Anthony Cerrone from Marcus & Millichap, along with Gene O'Neil from Maximum Realty Services, Inc, represented the buyer, Picone Realty.
Players
All
4
Agents
3
Agencies
1
Details
SOLD
IMAGE: Michael Tuccillo & Anthony Cerrone
DATE: 01/03/2023
ADDRESS: 585 Broad Hollow Road
MARKET: Melville
ASSET TYPE: Office
BUYER: Picone Realty
BROKERS: Michael Tuccillo (@TheTuccilloGroup) & Anthony Cerrone - Marcus & Millichap, & Gene O'Neil - Maximum Realty Services, Inc
SALE PRICE: $7,900,000
SF: 11,300 ~ PPSF: $699
ACRE: 3 ~ PPA: $2,633,333
&MillichapView on map
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