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Steven Gomes Acquires Retail Flex Property In Patchogue For $2.85M From Jeff Lawlor & Joe Sganga

Property Image
SOLD
$2,850,000

New York

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Retail10,000 SF
Sold 01/05/2026
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Property Image
SOLD

Steven Gomes Acquires Retail Flex Property In Patchogue For $2.85M From Jeff Lawlor & Joe Sganga

611 Sunrise Highway

See Similar Deals
Retail10,000 SF
Sold 01/05/2026
the dealplayerscompscontact
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Summary

NEW YORK
Asset Type:Retail
Price Per Square Foot:$285
Total Square Footage:10,000 SF
Transaction Type:Sale

The property involved in this transaction is located at 611 Sunrise Highway in Patchogue. It is categorized as a Retail / Flex asset and consists of a total area of 10,000 square feet. The sale price of the property was $2,850,000, which translates to a price per square foot of $285.

Summary of transaction details:

  • Property Type: Retail / Flex
  • Transaction Amount: $2,850,000
  • Square Footage: 10,000
  • Address: 611 Sunrise Highway
  • Market: Patchogue
  • Price per Square Foot: $285
  • Buyer: Steven Gomes
  • Seller: Jeff Lawlor & Joe Sganga
  • Broker: Jason Merrell - Island Associates Real Estate Inc.

The deal was facilitated by Jason Merrell, representing the broker agency Island Associates Real Estate Inc., while the transaction was carried out between the buyer, Steven Gomes, and the sellers, Jeff Lawlor and Joe Sganga.

Players

Jason Merrell
Island Associates Real Estate Inc.
Jason Merrell
8 deals$26.2M volume(631) 767-3033
BROKER

Details

SOLD
IMAGE: Jason Merrell DATE: 1/5/2026 ADDRESS: 611 Sunrise Highway MARKET: Patchogue ASSET TYPE: Retail / Flex BUYER: Steven Gomes SELLER: Jeff Lawlor & Joe Sganga BROKER: Jason Merrell (@Jason.MerrellCRE) - Island Associates Real Estate Inc. SALE PRICE: $2,850,000 SF: 10,000 ~ PPSF: $285

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Operating Income
Operating Expenses (Annual)
Net Operating Income (NOI)

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Debt Service Coverage Ratio (DSCR)

0.94x

Cap Rate

5.33%

Cash Flow (Annual)-$10,125.45
Cash-on-Cash Return-1.27%
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