Anchor Capital Group And R.E.K. & Associates Acquire Retail Asset In West Babylon For $3M
422 Great East Neck Road
$3,000,000
$115/SF
Building Size
25,944 SF
Asset Type
Retail
Closing
Jul 8, 2026
About this deal
AI
The property involved in the transaction is a retail asset located at 422-426 Great East Neck Rd, West Babylon. The sale price was $3,000,000, encompassing a total square footage of approximately 25,944, resulting in a price per square foot of $115.
Summary of transaction details:
- Property Type: Retail
- Transaction Amount: $3,000,000
- Address: 422-426 Great East Neck Rd
- Market: West Babylon
- Square Footage: 25,944
- Price Per Square Foot: $115
- Buyer: Anchor Capital Group & R.E.K. & Associates
- Seller: Joel Brodman
Key individuals in this transaction include Yair Sarraf, Max Padway, Ethan Frank, and Richard Katzenstein, who represented the buyer in the deal. Anchor Capital Group is actively seeking more opportunities in the Tri-State area, with interested parties encouraged to reach out directly to [email protected].
On the Map
$3,000,000
$115/SF
Retail
View full map
Players
West Babylon Retail Market Snapshot
Boundary boundary · Retail · Sale transactions
Loading comparables…
Deal FAQ
Visit Joel Brodman to view all their deals.
Browse West Babylon retail sales on Traded.
Purchase Price
Annual NOI
Loan Amount
Interest Rate (%)
Loan Term (yrs)
Down Payment (%)
Cap Rate
5.29%
Cash-on-Cash
-1.51%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93