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KMR Equity Partners Acquires Office Building In Garden City, Long Island For $31M

585 Stewart Avenue
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This Office property located in NY was sold for $31,050,000 over 4 years ago. The brokers of the deal were Kelly Koukou and Daniel Torkan

The office property located at 585 Stewart Avenue in Garden City, Long Island has been sold in a closed transaction. The property spans 155,000 square feet and was sold for a total price of $31,050,000, resulting in a price per square foot of $200.

Summary of transaction details:

  • Property Type: Office
  • Transaction Amount: $31,050,000
  • Square Footage: 155,000
  • Price Per Square Foot: $200
  • Address: 585 Stewart Avenue, Garden City, Long Island
  • Market: Garden City, Long Island

The seller of the office property was Sharokh Abiri, while the buyer was KMR Equity Partners, represented by Kamran Newton. Representing the buyer was Daniel Torkan from Parallel Realty Group, and representing the seller was Kelly Koukou from Lee & Associates.

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Deals
  • Location
    585 Stewart Ave, Garden City, NY 11530, USA585 Stewart Ave, Garden City, NY 11530, USA
  • Sale Price
    $31,050,000$31,050,000
    $20 PPSF$20 PPSF
  • Area
    1,550,000 SF1,550,000 SF
  • Asset Type
    OfficeOffice
  • Parties
    2 Brokers, 1 Agency2 Brokers, 1 Agency

Agents

Kelly Koukou

Kelly Koukou

Deals5
Sold$39.1M

Daniel Torkan

Daniel Torkan

Deals3
Sold$33.2M

Agency

Lee & Associates

Lee & Associates

Agency
Deals974
Volume$10B

Deal Summary

IMAGE: Kelly Koukou & Daniel Torkan DATE: 11/21/2019 ADDRESS: 585 Stewart Avenue MARKET: Garden City, Long Island ASSET TYPE: Office SALE PRICE: $31,050,000 SF: 155,000 PPSF: $200 SELLER: Sharokh Abiri BUYER: KMR Equity Partners @Kamran_Newton BUYER’S REP: Parallel Realty Group – Daniel Torkan SELLER’S REP: Lee & Associates – Kelly Koukou

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