Largest Office Property Sales on Long Island – Q2 2024

Exterior of 265 Post Ave, Westbury, NY

1. Medical Office Building in Westbury, NY
Address: 265 Post Ave, Westbury, NY 11590
Sale Date: June 18, 2024
Sale Price: $7,500,000
PSF: $150

PR Assoc LP sold this medical office building in Westbury to an undisclosed buyer.

This building consists of 50,000 square-feet, was built in 1984 and later renovated in 2001, and is three stories tall.

There are two on-site elevators and there are 135 on-site parking spaces. 85 surface parking spaces and 50 covered parking spaces.

This property is located South of Jericho Tpke and the Northern State Pkwy but North of the Westbury train station. There are several neighborhood offices, retail spaces, and amenities that are within walking distance to this property.

2. Crown Atrium Office Building
Address: 120 Commerce Dr, Hauppauge, NY 11788
Sale Date: April 1, 2024
Sale Price: $6,600,000
Price/SF: $242

Crown International Trading Corp sold this office building to Orbic Electronics. The property is located within Hauppauge Industrial Park. It was reported that the purchaser had interest in this property because he/she is looking to expand the business and create more jobs on Long Island.

The building consists of 27,202 square-feet, was built in 1984 and later renovated in 2001, and is one story tall.

There are 182 on-site parking spaces and this building sits on 3 acres of land.

This property is situated between the Northern State Pkwy and the Long Island Expy. It is surrounded by various other offices and manufacturing buildings.

Exterior of 120 Commerce Dr, Hauppauge, NY

3. Office Building in Plainview, NY
Address: 88 Sunnyside Blvd, Plainview, NY 11803
Sale Date: April 24, 2024
Sale Price: $5,450,000
Price/SF: $171

SSB88 LLC sold this office building in Plainview to 88 Sunnyside Inc. The building was reportedly 65% leased at the time of sale and the buyer has plans to move into this building as well.

The building consists of 31,842 square-feet, was built in 1972, and is three stories tall. There is one on-site elevator and there are 120 on-site parking spaces. The building sits on 1.26 acres of land and the building is zoned as NB.

This property is located near the Northern State Pkwy and the Long Island Expy.

Exterior of 88 Sunnyside Blvd, Plainview, NY

4. Office Building in Huntington, NY
Address: 212 E Main St, Huntington, NY 11743
Sale Date: April 17, 2024
Sale Price: $2,500,000
Price/SF: $1,923

Kja Tre Donne Inc sold this office building in Huntington to Tci Venture Inc. The building was reportedly fully-occupied at the time of sale.

The building consists of 1,300 square-feet, was built in 1940, and is two stories tall. There are 15 on-site parking spaces and the building is zoned as C3.

This property is located East of the heart of Huntington and is surrounded by other various office buildings.

Exterior of 212 E Main St, Huntington, NY

5. Office Building in Commack, NY
Address: 35 Crooked Hill Rd, Commack, NY 11725
Sale Date: April 2, 2024
Sale Price: $2,400,000
Price/SF: $177

Thor Development Corp sold this office building in Commack to Premier Financial Network. The building was reportedly 20% leased at the time of sale. The buyer has plans to occupy a portion of the building and lease the remaining office space.

The building consists of 13,500 square-feet, was built in 1988, and is two stories tall. There is one on-site elevator and there are 59 on-site parking spaces.

This property is located South of the Northern State Pkwy and West of the Sunken Meadow State Pkwy. This property is located within walking distance to the Commack South Shopping Center which has various retail spaces and amenities.

Exterior of 35 Crooked Hill Rd, Commack, NY

6. Office Building in Westhampton, NY
Address: 64 Old Riverhead Rd, Westhampton, NY 11977
Sale Date: June 14, 2024
Sale Price: $2,000,000
Price/SF: $563

Ronald Fabian and Mark Cotter sold this office building in Westhampton, NY to Taylor W & L. The building was reportedly fully-leased at the time of sale and traded at a 4.57% cap rate.

The building consists of 3,550 square-feet, was built in 2002, and is two stories tall. There are 20 on-site parking spaces.

This property is located 1.5 miles away from the Westhampton train station.

Exterior of 64 Old Riverhead Rd, Westhampton, NY

7. Office Building in Bohemia, NY
Address: 3400 Veterans Memorial Hwy, Bohemia, NY 11716
Sale Date: April 19, 2024
Sale Price: $2,000,000
Price/SF: $256

Jul-vet Holding LLC sold this office building in Bohemia, NY to John King. The building was reportedly fully-leased at the time of sale.

The building consists of 7,800 square-feet, was built in 2006, and is one story tall. There are 37 on-site parking spaces and the building is zoned as AA.

This property is surrounded by various neighborhood amenities on Veterans Memorial Hwy and has access to several bus stops along the Hwy.

Exterior of 3400 Veterans Memorial Hwy, Bohemia, NY

8. Medical Office in Garden City, NY
Address: 648 Franklin Ave, Garden City, NY 11530
Sale Date: June 4, 2024
Sale Price: $1,900,000
Price/SF: $351

Demetriou Realty Corp sold this medical office building in Garden City, NY to an undisclosed buyer. The building was vacant at the time of sale.

The building consists of 5,400 square-feet, was built in 1965, and is two stories tall. There are 19 on-site parking spaces and the building is located within walking distance to the Garden City train station. This property is surrounded by several other medical offices along Franklin Ave in Garden City.

Exterior of 648 Franklin Ave, Garden City, NY

9. Office Building in Valley Stream, NY
Address: 134 S Central Ave, Valley Stream, NY 11580
Sale Date: May 23, 2024
Sale Price: $1,250,000
Price/SF: $328

JDS IFG JV LLC sold this office building in Valley Stream, NY to 134 S Central Partners, LLC. The building was vacant at the time of sale.

The building consists of 3,811 square-feet, was built in 1983, and is one story tall. There are 14 on-site parking spaces.

This property is located just North of Sunrise Hwy and within walking distance to the Valley Stream LIRR train station. The Valley Stream Village Hall and Village Green Park are located across the street from this property.

Exterior of 134 S Central Ave, Valley Stream, NY

10. Office Building in Huntington, NY
Address: 68 Nassau Rd, Huntington, NY 11743
Sale Date: June 6, 2024
Sale Price: $1,100,000
Price/SF: $265

Parikh Realty LLC sold this office building in Huntington, NY to an undisclosed buyer. The property reportedly traded at a 6.75% cap rate.

The building consists of 4,150 square-feet, was built in 1935, and is three stories tall. There are 16 on-site parking spaces and the building is zoned as R5.

This property is located just East of the heart of Huntington which has several retail spaces, office spaces, and amenities. There are several bus stops within walking distance to this property as well as public parking lots for additional parking.

Exterior of 68 Nassau Rd, Huntington, NY

Buying or Selling a Commercial Property on Long Island?

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.