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89 East Jericho Turnpike

Dr. Louis Nkrumah Of Nkrumah NeuroSurgery & Spine Acquires Office Buildings In Mineola For $1.75M
SOLDOffice

Dr. Louis Nkrumah Of Nkrumah NeuroSurgery & Spine Acquires Office Buildings In Mineola For $1.75M

89 East Jericho Turnpike

$1,750,000

$269/SF

Building Size

6,500 SF

Asset Type

Office

Closing

Oct 29, 2025

AI

The property involved in the transaction is an office asset located at 89 East Jericho Turnpike in Mineola. The sale price was $1,750,000, comprising two units with a price per unit of $875,000. The total square footage of the buildings is 6,500, resulting in a price per square foot of $269.

Summary of transaction details:

  • Property Type: Office
  • Transaction Amount: $1,750,000
  • Buyer: Dr. Louis Nkrumah - Nkrumah NeuroSurgery & Spine
  • Seller: Nassau County Policemen’s Benevolent Association
  • Brokers: Eitan Hakami - Greiner-Maltz Real Estate
  • Brokers: Christian Standerwick - Berkshire Hathaway Commercial Services
  • Units: 2
  • Square Feet: 6,500
  • Price Per Unit: $875,000
  • Price Per Square Foot: $269

Dr. Nkrumah plans to use the two-building portfolio as the flagship headquarters for Nkrumah Neurosurgery and Spine, with intentions for a complete renovation to support specialized medical operations. Eitan Hakami represented the buyer, while Christian Standerwick represented the seller, ensuring a collaborative and efficient closing process.

Players

Eitan Hakami

Greiner-Maltz Real Estate

Broker

$21.3M

vol

10 deals

Broker

Mineola 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

9.06%

Cash-on-Cash

-2.59%

Monthly Payment

$14,164

Annual Debt Svc

$169,964

Annual Cash Flow

$-11,334

DSCR

0.93