Alan Medvin And Justin Miller Of A2 Development Group Acquire Office Building In Melville For $3.6M
SOLD
$3,600,000
New York
See Similar DealsOffice36,456 SF
Sold 12/12/2025
SOLD
Alan Medvin And Justin Miller Of A2 Development Group Acquire Office Building In Melville For $3.6M
734 Walt Whitman Road
See Similar DealsOffice36,456 SF
Sold 12/12/2025
Summary
NEW YORK
Asset Type:Office
Price Per Square Foot:$98
Total Square Footage:36,456 SF
Transaction Type:Sale
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
Details
Stay in the Know
Subscribe for insider commercial real estate news, deal highlights, and market insights—delivered straight to your inbox.
By subscribing, you agree to our Terms of Service and Privacy Policy.
Similar Deals
Contact
Get in touch with the broker you want
Suggestions
CRE CalculatorAnalyze deals based on income, expenses, and financing. We automatically filled the calculator with data from the deal you are viewing, fill free to modify it to see how it affects the results.
Deal Type
30 years
10 years
Operating Income
Operating Expenses (Annual)
Net Operating Income (NOI)
$192,000.00
Debt Service Coverage Ratio (DSCR)
0.94x
Cap Rate
5.33%
Cash Flow (Annual)-$12,790.04
Cash-on-Cash Return-1.27%
Monthly Debt Service$17,065.84
Annual Debt Service$204,790.04
Is there something missing? Send suggestions