Steven Gomes Acquires Retail Flex Property In Patchogue For $2.85M From Jeff Lawlor & Joe Sganga
611 Sunrise Highway
$2,850,000
$285/SF
Building Size
10,000 SF
Asset Type
Retail
Closing
Jan 4, 2026
AI
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.
West Babylon Retail Market Snapshot
Boundary boundary · Retail · Sale transactions
Loading comparables…
Purchase Price
Annual NOI
Loan Amount
Interest Rate (%)
Loan Term (yrs)
Down Payment (%)
Cap Rate
5.57%
Cash-on-Cash
-1.59%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93