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New York Real Estate Transaction: Vohora Realty Purchases $1.95 Million Office Property in Roslyn

Office property in Roslyn fetches $1.95 million in sale

New York Real Estate Transaction: Vohora Realty Purchases $1.95 Million Office Property in Roslyn

A $1.95 million office property in Roslyn was recently purchased by Vohora Realty LLC, an affiliate of a pharmacy business. The 6,034-square-foot building on .15 acres, located at 1326 Old Northern Blvd, was sold by Musik Properties LLC to the buyer. Stephen Preuss, Kevin Louie, and Eric Delafraz of RIPCO Real Estate represented both the buyer and the seller in the sales transaction.

According to Louie, who shared details about the sale, the buyer intends to occupy the office building once Summer Discovery, a provider of student summer programs and the current tenant, vacates by the end of the year. The property will provide short-term income for the buyer while they finalize their construction and business plans. Louie noted that there were several offers at asking price for this centrally located asset, which was put under contract within 30 days of marketing.

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