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PD Equities Acquires Office Property In Cedarhurst From Equishares For $6.35M

499 Chestnut Street
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This Office property located in NY was sold for $6,350,000 over 3 years ago. The broker of the deal was Michael Guttman

The office property located at 499 Chestnut Street in Cedarhurst was recently sold for $6,350,000. The transaction took place on December 16, 2020. The property consists of 36 units, including 32 office spaces and 4 retail units. The buyer, PD Equities, was represented by Joseph Hoch. The seller, Equishares, was represented by Matt Press. The deal was facilitated by Michael Guttman of Rosewood Realty Group NY.

Summary of transation details

  • Property Type: Office
  • Transaction Amount: $6,350,000
  • Units: 36 (32 Office, 4 Retail)
  • Buyer: PD Equities - Joseph Hoch
  • Seller: Equishares - Matt Press
  • Broker: Michael Guttman - Rosewood Realty Group NY

This sale highlights the successful transaction of an office property in Cedarhurst's market. The involvement of PD Equities as the buyer and Equishares as the seller demonstrates their interest in the area's real estate market. Joseph Hoch represented PD Equities in the deal, while Matt Press represented Equishares. Michael Guttman, a broker from Rosewood Realty Group NY, played a crucial role in facilitating the transaction.

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Deals
  • Location
    499 Chestnut Street, Cedarhurst, NY, USA499 Chestnut Street, Cedarhurst, NY, USA
  • Sale Price
    $6,350,000$6,350,000
    $392 PPSF$392 PPSF
  • Area
    16,164 SF16,164 SF
  • Asset Type
    OfficeOffice
  • Parties
    1 Broker, 1 Agency1 Broker, 1 Agency

Agent

Michael Guttman

Michael Guttman

Deals16
Sold$165.7M

Agency

Rosewood Realty Group

Rosewood Realty Group

Agency
Deals370
Volume$6.5B

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Deal Summary

[embed] SALE IMAGE: Michael Guttman DATE: 12/16/2020 ADDRESS: 499 Chestnut Street MARKET: Cedarhurst ASSET TYPE: Office BUYER: PD Equities - Joseph Hoch SELLER: Equishares - Matt Press BROKERS: Michael Guttman @RosewoodRealtyGroupNY PRICE: $6,350,000 UNITS: 36 (32 Office, 4 Retail)

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499 Chestnut Street

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