Listen to this articleAn office property in Roslyn has sold for $1.95 million.
Vohora Realty LLC, an affiliate of a pharmacy business, purchased the 6,034-square-foot building on .15 acres at 1326 Old Northern Blvd.
The buyer, which operates Roslyn Pharmacy two doors down, plans to occupy the office building once longtime tenant, Summer Discovery, a provider of student summer programs, vacates by the end of the year, according to the brokers on the deal.
Stephen Preuss, Kevin Louie and Eric Delafraz of RIPCO Real Estate represented the buyer, as well as the seller, Musik Properties LLC, in the sales transaction.
“1326 Old Northern Blvd is an iconic building owned and operated by the seller for several decades,” Louie said. “There is short-term income for the buyer while they get their construction and business plans in place. We had several offers at the asking price and was able to put this centrally located asset under contract within 30 days of marketing.”
