Alan Medvin And Justin Miller Of A2 Development Group Acquire Office Building In Melville For $3.6M
734 Walt Whitman Road
$3,600,000
$98/SF
Building Size
36,456 SF
Asset Type
Office
Closing
Dec 11, 2025
About this deal
AI
The property involved in this transaction is located at 734 Walt Whitman Road in Melville. This office asset has a sale price of $3,600,000 and encompasses a total square footage of 36,456, resulting in a price per square foot of $98.
Summary of transaction details:
- Property Type: Office
- Transaction Amount: $3,600,000
- Buyer: Alan Medvin & Justin Miller - A2 Development Group
- Brokerage: Darren Leiderman & Michael Zawol - Colliers
- Occupancy at Purchase: 52%
A2 Development Group, represented by buyers Alan Medvin and Justin Miller, is actively acquiring value-add commercial properties on Long Island. The firm plans to renovate the building to enhance its appeal to potential tenants in Melville's competitive office corridor.
Players
Melville 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
4.41%
Cash-on-Cash
-1.26%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93