Igal Babayev Purchases Retail Asset From Raven Family For $3.125M In Rockville Centre
313 Sunrise Highway
$3,125,000
$282/SF
Building Size
11,050 SF
Asset Type
Retail
Closing
Nov 16, 2025
About this deal
AI
The property asset involved in the transaction is located at 313 Sunrise Highway in Rockville Centre. This retail asset features a sale price of $3,125,000 and encompasses a total area of 11,050 square feet, translating to a price per square foot of $282.
Summary of transaction details:
- Property Type: Retail
- Transaction Amount: $3,125,000
- Buyer: Igal Babayev
- Seller: Raven Family
- Seller's Representative: Tom Bigansky & Alex Sobel - North Village Realty
- Square Footage: 11,050
- Price per Square Foot: $282
- Date of Transaction: 11/17/2025
- Market: Rockville Centre
North Village Realty facilitated this off-market transaction, highlighting the potential for value-add redevelopment with the property being delivered 90% vacant at closing. Tom Bigansky of North Village Realty is available for a complimentary broker opinion of value for potential sellers in 2026.
On the Map
$3,125,000
$282/SF
Retail
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Players
Rockville Centre Retail Market Snapshot
Boundary boundary · Retail · Sale transactions
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Purchase Price
Annual NOI
Loan Amount
Interest Rate (%)
Loan Term (yrs)
Down Payment (%)
Cap Rate
5.08%
Cash-on-Cash
-1.45%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93