Marcus & Millichap brokers $7.1 million sale of multi-tenant office building

Roslyn, NY Marcus & Millichap brokered the sale of 200 and 220 S Service Rd. The multi-tenant office properties sold for a total of $7.1 million.

Michael Tuccillo and Anthony Cerrone of Marcus & Millichap represented the seller and buyer for 200 S. Service Rd., while Global Realty Services USA procured the private buyer.

“200 and 220 S Service Rd. combine unmatched highway visibility, immediate access to the Long Island Expwy. and a prestigious Roslyn Heights address within one of Long Island’s most affluent customer bases,” said Tuccillo. “The site is well positioned for long-term success, reinforced by pricing achieved just below the asking price.”

The properties total 28,714 s/f on a 1.54-acre parcel and are configured for multi-tenant office use. They are occupied by a mix of professional tenants with staggered lease expirations.

Located off Exit 39 of the Long Island Expwy. which sees more than 214,000 vehicles per day, and near Exit 28 of the Northern State Pkwy., the properties offer regional connectivity and are one mile from the Roslyn Long Island Rail Road station.