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900 Merchant's Concourse

Jeff Supinsky & Bob Agahi Of Valley East Building Management Acquire Office In Westbury For $12.5M
SOLDOffice

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

Kevin Louie

Ripco

Broker

$1B

vol

126 deals

Broker
VG
Vectra Management GroupSeller

Westbury Office Market Snapshot

Boundary boundary · Office · Sale transactions

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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