Jungreis and Zalta of Rosewood Realty Group handle $9.75 million sale of Long Island medical building

Southampton, NY Rosewood Realty Group brokered the sale of a two story medical building on Long Island for $9.75 million.

The 21,606 s/f building is located at 365 County Rd., 39A, on a 2.4 acre site. The building was constructed in 1996. It sold for 11.66 times the current rent roll, at a 6.8% cap rate.

Rosewood Realty’s Aaron Jungreis represented the seller, Benton Plaza LLC and Jack Zalta represented the buyer, a private investor.

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