Nick Sinatra has snapped up another downtown office property to add to his growing holdings, paying $1.39 million to buy an Allentown-area medical office building.
Sinatra & Company Realty, through Elmwood North Group LLC, bought the 26,000-square-foot building at 191 North St. on Friday from 191 North St Medical Building LLC, which is owned by Donald J. Reeves of Buffalo, who owns a real estate company on Summer Street.
The all-brick, three-story building, located near the intersection of Elmwood Avenue just blocks from the Buffalo Niagara Medical Campus, includes 23 office suites and a parking lot with more than 50 spaces. Tenants include dentists, chiropractors, podiatrists, the Elmwood Counseling Clinic, Zenith Medical PC, a Quest Diagnostics blood draw unit, a physical therapy practice and an orthodontics practice.
Built in 1960, it has 8,000 square feet of vacant space right now, which Sinatra plans to fill with other medical tenants.
“It’s underutilized, and so we are going to invest a few hundred thousand dollars to upgrade the space and look to fill the space,” he said.
email: jepstein@buffnews.com
Sinatra & Company Realty, through Elmwood North Group LLC, bought the 26,000-square-foot building at 191 North St. on Friday from 191 North St Medical Building LLC, which is owned by Donald J. Reeves of Buffalo, who owns a real estate company on Summer Street.
The all-brick, three-story building, located near the intersection of Elmwood Avenue just blocks from the Buffalo Niagara Medical Campus, includes 23 office suites and a parking lot with more than 50 spaces. Tenants include dentists, chiropractors, podiatrists, the Elmwood Counseling Clinic, Zenith Medical PC, a Quest Diagnostics blood draw unit, a physical therapy practice and an orthodontics practice.
Built in 1960, it has 8,000 square feet of vacant space right now, which Sinatra plans to fill with other medical tenants.
“It’s underutilized, and so we are going to invest a few hundred thousand dollars to upgrade the space and look to fill the space,” he said.
email: jepstein@buffnews.com