Updated May 12, 2026
Henry Mathies Of Greysteel Represents Sale Of West Babylon Multifamily Asset For $29.5M
409 Wyandanch Avenue
$29,500,000
$128/SF
Building Size
228,990 SF
Asset Type
MultiFamily
Closing
Apr 14, 2026
About this deal
AI
The property asset involved in the transaction is a multifamily residence located at 409 Wyandanch Avenue, West Babylon. The sale price of the property was $29,500,000, with a total of 164 units. The total square footage of the asset is 228,990, resulting in a price per unit of $179,878 and a price per square foot of $128.
Summary of transaction details:
- Property Type: Multifamily
- Transaction Amount: $29,500,000
- Units: 164
- Square Footage: 228,990
- Price Per Unit: $179,878
- Price Per Square Foot: $128
The transaction was brokered by Henry Mathies, representing Greysteel in the sale of the property, highlighting the involvement of professionals in the deal process.
On the Map
$29,500,000
$128/SF
MultiFamily
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West Babylon MultiFamily Market Snapshot
Boundary boundary · MultiFamily · Sale transactions
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Purchase Price
Annual NOI
Loan Amount
Interest Rate (%)
Loan Term (yrs)
Down Payment (%)
Cap Rate
0.54%
Cash-on-Cash
-0.15%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93