Elie Balazadeh Acquires Retail Office Property In Great Neck For $2.5M With Financing From Malve Capital

The asset involved in this transaction is a retail/office property located at 653-655 Middle Neck Road in Great Neck, Long Island. The sale price was $2,500,000 for a total area of 9,500 square feet, amounting to a price per square foot of $263.

Summary of transaction details:

• Property Type: Retail/Office
• Transaction Amount: $2,500,000
• Buyer: Elie Balazadeh
• Lender: Aryia Bala - Malve Capital
• Square Footage: 9,500
• Price Per Square Foot: $263
• Market: Great Neck, Long Island

Michael Khodadadian sourced the acquisition for the buyer and is partnering with Elie Balazadeh to open another branch of YouOffice Private Office Suites at this new location. This new branch will be the fifth location for YouOffice in the Great Neck area, reflecting the ongoing expansion efforts of the duo who are actively seeking more purchasing opportunities.