Brixmor Property Group Acquires Mayfair Shopping Center In Commack For $70 Million
10-2020 Jericho Turnpike
$70,000,000
$315/SF
Building Size
221,612 SF
Asset Type
Retail
Closing
Jul 30, 2026
About this deal
AI
The retail asset involved in this transaction is located at 10-2020 Jericho Turnpike in Commack, encompassing a total area of 221,612 square feet. This property was sold for $70 million, resulting in a price per square foot of $316.
Summary of transaction details:
- Property Type: Retail
- Transaction Amount: $70,000,000
- Buyer: Brian T. Finnegan - Brixmor Property Group
- Seller: Arlona Limited Partnership & Arlona Realty LLC
- Brokers: Allison Villamagna & Andrew Stewart - Cronheim Mortgage
The buyer, Brian T. Finnegan, is affiliated with Brixmor Property Group, while the sellers are represented by Arlona Limited Partnership and Arlona Realty LLC. The brokerage team involved in this transaction includes Allison Villamagna and Andrew Stewart from Cronheim Mortgage.
Players
Commack 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
0.23%
Cash-on-Cash
-0.06%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93