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17 Barstow Road

Updated Aug 28, 2026

Steven Kordvani Of Parkview Properties Acquires Office Assets In Great Neck For $11.25M
SOLDOffice

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

Steven Kordvani

Parkview Properties

Buyer

$42.7M

vol

5 deals

Buyer

Great Neck Office Market Snapshot

Boundary boundary · Office · Sale transactions

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Deal FAQ

About $196 per square foot on a published $11.3M for 57,278 square feet (2026).

Visit Steven Kordvani to view all their deals.

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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

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