Alan Medvin Acquires Office Property From Weinstein Family In Plainview For $4.91M
875 Old Country Road
$4,910,000
$185/SF
Building Size
26,432 SF
Asset Type
Office
Closing
Jun 30, 2025
AI
The asset involved in this transaction is an office property located at 875 Old Country Road, Plainview. The sale price for the property was $4,910,000, comprising 13 units. The total square footage of the office is 26,432, which equates to a price per square foot of $185.
Summary of transaction details:
- Property Type: Office
- Transaction Amount: $4,910,000
- Units: 13
- Square Feet: 26,432
- Price Per Unit: $377,692
- Price Per Square Foot: $185
- Buyer: Alan Medvin
- Seller: Weinstein Family
- Brokers: Aaron Jungreis, Jonah Corney, Ben Khakshoor & Alex Fuchs - Rosewood Realty Group
The transaction involved Alan Medvin as the buyer and the Weinstein Family as the seller. The deal was facilitated by brokers from Rosewood Realty Group, including Aaron Jungreis, Jonah Corney, Ben Khakshoor, and Alex Fuchs, who played critical roles in enabling the sale.
Players
Plainview Office Market Snapshot
Boundary boundary · Office · Sale transactions
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Purchase Price
Annual NOI
Loan Amount
Interest Rate (%)
Loan Term (yrs)
Down Payment (%)
Cap Rate
3.23%
Cash-on-Cash
-0.92%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93