Exterior of 534 Broadhollow Rd, Melville, NY
1. Office Building in Melville, NY
Address: 534 Broadhollow Rd, Melville, NY 11747
Sale Date: February 23, 2024
Sale Price: $16,000,000
PSF: $144
RXR Realty sold this large office building in Melville to Fairfield Properties. The building was reportedly 89% leased at the time of sale.
The building consists of 111,065 square-feet, is five stories tall, and is considered to be a Class B building.
The building was built in 1969 and was later renovated in 2006. There are two on-site elevators, 466 on-site parking spaces, and the building sits on 8 acres of land.
It was recorded that the building had 21 tenants at the time of sale.
2. Office Building in Melville, NY
Address: 263 Old Country Rd, Melville, NY 11747
Sale Date: March 14, 2024
Sale Price: $15,200,000
Price/SF: $243
This office building was sold by Harvest Real Estate Services, Inc. to the Church of Scientology. The building was delivered vacant at sale.
It was reported that the purchaser plans to occupy the entire building.
The building consists of 62,500 square-feet, is two stories tall, and is considered to be a Class A building.
The building was built in 1999, has one elevator, and has 252 on-site parking spaces.
Exterior of 263 Old Country Rd, Melville, NY
3. Medical Office Building in Garden City, NY
Address: 975 Stewart Ave, Garden City, NY 11530
Sale Date: February 16, 2024
Sale Price: $6,900,000
Price/SF: $228
LBKC Associates LLC sold this medical office building in Garden City to 975 STEWART LLC.
The building consists of 30,200 square-feet, is one story tall, and was built in 1960.
There are 155 on-site parking spaces and the building sits on just under 2 acres of land.
This property is located right off of the Meadowbrook State Pkwy and Stewart Ave receives high traffic counts of over 33,550 cars per day.
Exterior of 975 Stewart Ave, Garden City, NY
4. Colonial Professional Building in Patchogue, NY
Address: 475 E Main St, Patchogue, NY 11772
Sale Date: February 26, 2024
Sale Price: $6,700,000
Price/SF: $168
Ahny 5 LLC sold this medical office building to Dr. Hillel S. Trope, DO. The building was reportedly 74% leased at the time of sale with a combination of medical and professional tenants. The property traded at a 7% cap rate.
The building consists of 40,000 square-feet, is two stories tall, and is considered to be a Class B building.
The building was built in 1975 and was later renovated in 2017. There is one elevator and 200 on-site parking spaces.
This property has several amenities such as 24-hour access, a property manager on site, high ceilings, fenced lot, and several more. The Brookhaven Hospital is roughly 10 minutes away and E Main St receives high traffic counts of over 23,600 cars per day.
Exterior of 475 E Main St, Patchogue, NY
5. Lincoln Building in Rockville Centre, NY
Address: 36 Lincoln Ave, Rockville Centre, NY 11570
Sale Date: January 9, 2024
Sale Price: $6,300,000
Price/SF: $378
Karp Associates, Inc. sold this office building in Rockville Centre to Gabriel Law. The building was reportedly fully-occupied at the time of sale and it traded at a 6.7% cap rate.
The tenants present at the time of sale were Northwell Health’s Orlin & Cohen Orthopedic Group and South Shore Cosmetic Surgeons.
The building consists of 16,675 square-feet, is four stories tall, and is considered to be a Class C building. The building was built in 1985 and sits on over 16,700 square-feet of land.
Lincoln Ave receives over 25,270 cars per day and this property is located just South of Sunrise Hwy and Merrick Rd.
Exterior of 36 Lincoln Ave, Rockville Centre, NY
6. Medical Office Building in Huntington, NY
Address: 124 Main St, Huntington, NY 11743
Sale Date: January 10, 2024
Sale Price: $3,725,000
Price/SF: $219
Holly Hills Communities Inc sold this medical office building to Village Green 124, LLC. The building was reportedly 76% leased at the time of sale and it traded at a 7.8% cap rate. The tenant to mention that was present at the time of sale was Long Island Pain Care Specialists.
The building consists of 17,000 square-feet, is two stories tall, and is considered to be a Class B building. It was built in 1970.
There are 75 on-site parking spaces and the building sits on 1.49 acres of land. Main St receives high traffic counts of over 22,000 cars per day.
Exterior of 124 Main St, Huntington, NY
7. Medical Office Building in Melville, NY
Address: 740 Walt Whitman Rd, Melville, NY 11747
Sale Date: March 5, 2024
Sale Price: $3,400,000
Price/SF: $332
A private entity sold this medical office building in Melville to 740 Walt Whitman LLC. The building was fully-occupied at the time of sale.
The lease for the tenant that was occupying the space at the time of sale is said to expire in April of 2024. Upon expiration, the new owner plans to operate his own medical practice out of this building.
The building consists of 10,250 square-feet, is one story tall, and is considered to be a Class C building.
It was built in 1988, has 43 on-site parking spaces, and sits on over 33,500 square-feet of land.
Walt Whitman Rd receives high traffic counts of 44,845 cars per day.
Exterior of 740 Walt Whitman Rd, Melville, NY
8. Medical Office Building in Port Jefferson, NY
Address: 60 N Country Rd, Port Jefferson, NY 11777
Sale Date: February 1, 2024
Sale Price: $2,725,000
Price/SF: $200
J-Group sold this medical office building in Port Jefferson to North Shore Professional Realty. The building was delivered vacant at sale.
The building consists of 13,564 square-feet, is three stories tall, and has on-site elevators.
The building was built in 1985, has 64 on-site parking spaces, and sits on 0.56 acres of land.
This property is located off of Route 25A and is located within walking distance to the Port Jefferson Train Station.
Exterior of 60 N Country Rd, Port Jefferson, NY
9. Office Condos in Westhampton Beach, NY
Address: 132 Main St, Westhampton Beach, NY 11978
Sale Date: February 29, 2024
Sale Price: $2,075,000
Price/SF: $1,310
Krupinski Contracting sold these office condos in Westhampton Beach to White’s Apothecary. The condos were vacant at the time of sale.
The building is composed of 10,532 square-feet, however, the condo size is 1,584 square-feet. The units involved in this sale are 6, 8, & 9 on the first floor.
The building is two stories tall, there are four elevators, and the building has a retail component.
This office building is surrounded by various other neighborhood offices, retail spaces, and amenities.
Exterior of 132 Main St, Westhampton Beach, NY
10. Office Building in Roslyn, NY
Address: 1326 Old Northern Blvd, Roslyn, NY 11576
Sale Date: March 15, 2024
Sale Price: $1,950,000
Price/SF: $323
An undisclosed seller sold this office building in Roslyn to Vohora Realty LLC.
The office building consists of just over 6,000 square-feet, is two stories tall, and is considered to be a Class C building.
The building was built in 1920 and was later renovated in 2019. There are 8 on-site parking spaces.
This property is situated South of Northern Blvd and North of the Long Island Expy. It is also located within the Main Street Historic District of Roslyn. The property is located within 1 mile of the Roslyn Train Station.
Exterior of 1326 Old Northern Blvd, Roslyn, NY
Buying or Selling a Commercial Property on Long Island?
Contact us at 516-393-2300 or submit your message here.
American Investment Properties (AIP) Inc., was founded by Ron Koenigsberg on July 4th, 2001. AIP specializes in the sale and acquisition of commercial real estate on Long Island. Participating in over $2 billion worth of property sales to date, AIP is a well-known and highly respected name in the Long Island commercial real estate community.
