Jeff Supinsky & Bob Agahi Of Valley East Building Management Acquire Office In Westbury For $12.5M
900 Merchant's Concourse
$12,500,000
$82/SF
Building Size
152,500 SF
Asset Type
Office
Closing
Apr 6, 2026
AI
The property asset involved in the transaction is located at 900 Merchants Concourse in Westbury. The asset is categorized as an office space, comprising a total square footage of 152,500. The sale was concluded at a price of $12,500,000, which equates to a price per square foot of $81.
Summary of transaction details:
- Property Type: Office
- Transaction Amount: $12,500,000
- Address: 900 Merchants Concourse
- Market: Westbury
- Square Footage: 152,500
- Price Per Square Foot: $81
- Buyer: Jeff Supinsky & Bob Agahi - Valley East Building Management
- Seller: Vectra Management Group
- Seller's Representatives: Stephen R. Preuss Sr., Kevin Schmitz, Andreas Efthymiou & Kevin Louie - Ripco
The transaction was facilitated by Jeff Supinsky and Bob Agahi, who represent Valley East Building Management as the buyers. The sellers, Vectra Management Group, were represented in this transaction by Stephen R. Preuss Sr., Kevin Schmitz, Andreas Efthymiou, and Kevin Louie from Ripco.
Players
Westbury Office Market Snapshot
Boundary boundary · Office · Sale transactions
Loading comparables…
Purchase Price
Annual NOI
Loan Amount
Interest Rate (%)
Loan Term (yrs)
Down Payment (%)
Cap Rate
1.27%
Cash-on-Cash
-0.36%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93