NY Retina Acquires Office Asset From Dr. Rajesh Raina In Massapequa For $2.65M

The property involved in this transaction is a 4,600-square-foot medical office building located at 585 Broadway in Massapequa, NY. The sale amount was $2,650,000, indicating a price per square foot of $576. The property sits on 0.17 acres and is positioned in a high-traffic medical and retail corridor, with excellent accessibility to Sunrise Highway (Route 27) and Route 135.

Summary of transaction details:

• Property Type: Office
• Transaction Amount: $2,650,000
• Address: 585 Broadway
• Market: Massapequa
• Square Footage: 4,600
• Price per Square Foot: $576
• Buyer: NY Retina
• Seller: Dr. Rajesh Raina
• Buyer's Representative: Joegy Raju & Daniel Abbondandolo - Cushman & Wakefield
• Seller's Representative: Jordan Baruch & Matthew Kucker - Colliers
• Note from Buyer's Representative: The sale marks NY Retina's first acquisition and the opening of their private practice dedicated to treating disorders of the retina and vitreous.

This transaction was facilitated by Joegy Raju and Daniel Abbondandolo from Cushman & Wakefield, representing the buyer, NY Retina. The seller, Dr. Rajesh Raina, was represented by Jordan Baruch and Matthew Kucker from Colliers. The successful completion of this sale signifies a strategic expansion for NY Retina, as they launch their operations in the newly acquired medical office space.