Steven Kordvani Of Parkview Properties Acquires Office Assets In Great Neck For $11.25M
17 Barstow Road & 1 Linden Place
$11,250,000
$196/SF
Building Size
24,595 SF
Asset Type
Office
Closing
Jun 21, 2026
About this deal
AI
The assets involved in this transaction are located at 17 Barstow Road and 1 Linden Place, situated in the Great Neck market. The properties have a combined square footage of 57,278 and were sold for a total price of $11,250,000, resulting in a price per square foot of $196.
Summary of transaction details:
- Property Type: Office
- Transaction Amount: $11,250,000
- Square Footage: 57,278
- Price per Square Foot: $196
- Buyer: Steven Kordvani - Parkview Properties; Daniel Mayer & Joseph Mayer - Afarin Properties; Adam Edalati - Blue Rose Properties
- Address: 17 Barstow Road & 1 Linden Place
- Date of Sale: 06/22/2026
The buyers expressed their commitment to enhancing the properties through meaningful mechanical and cosmetic improvements, with the aim to enrich the tenant experience and address any remaining vacancies. They see significant potential in repositioning the assets in the Great Neck market. For leasing inquiries regarding these properties, Bradley Diamond from Parallel Realty Group is the contact. The buyers are also on the lookout for multifamily and commercial acquisition opportunities across the NYC Metropolitan area.
Players
Great Neck 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
1.41%
Cash-on-Cash
-0.40%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93