KMR Equity Partners Acquires Office Building In Garden City, Long Island For $31M

The office property located at 585 Stewart Avenue in Garden City, Long Island has been sold in a closed transaction. The property spans 155,000 square feet and was sold for a total price of $31,050,000, resulting in a price per square foot of $200.

Summary of transaction details:

• Property Type: Office
• Transaction Amount: $31,050,000
• Square Footage: 155,000
• Price Per Square Foot: $200
• Address: 585 Stewart Avenue, Garden City, Long Island
• Market: Garden City, Long Island

The seller of the office property was Sharokh Abiri, while the buyer was KMR Equity Partners, represented by Kamran Newton. Representing the buyer was Daniel Torkan from Parallel Realty Group, and representing the seller was Kelly Koukou from Lee & Associates.