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875 Old Country Road

Alan Medvin Acquires Office Property From Weinstein Family In Plainview For $4.91M
SOLDOffice

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:

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

Aaron Jungreis

Rosewood Realty Group

Broker

$4.3B

vol

205 deals

Broker
Rosewood Realty Group
Rosewood Realty GroupBrokerage

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