David Levitron's DB Properties Acquires Office Building In Garden City For $6.9M

The office building located at 975 Stewart Avenue in Garden City was recently sold in a transaction. The property spans approximately 30,200 square feet and was sold for a price of $6,900,000, resulting in a price per square foot of $228.

Summary of transaction details

• Property Type: Office
• Transaction Amount: $6,900,000
• Address: 975 Stewart Avenue, Garden City
• Buyer: David Levitron - DB Properties
• Seller: Weinstein Family Estate
• Broker: Brian Sarath - Cushman & Wakefield

Brian Sarath from Cushman & Wakefield represented the buyer, David Levitron of DB Properties, in this transaction. The seller was the Weinstein Family Estate. According to Brian Sarath, a strategic price adjustment resulted in significant interest in the property, with 10 tours and 8 offers received. The deal closed within 7 days under a simultaneous contract.

For more information and details about this transaction, interested parties can contact Brian Sarath at 516-319-6315 or via email at [email protected].