Updated Oct 29, 2024
Empire Group Of Companies Acquires Package Deal In Hamptons For $5.89M
Near Montauk, Ny 11954, Usa
$5,890,000
$245/SF
Building Size
12,000 SF
Asset Type
MultiFamily
Closing
Jan 6, 2023
About this deal
AI
The property involved in this transaction is located at 45 Old Montauk Hwy in the Hamptons. It is a package deal, consisting of an asset with a total square footage of 2,300. The sale price for this property was $5,890,000, resulting in a price per square foot of $2,561.
Summary of transaction details
- Property Type: Package Deal
- Transaction Amount: $5,890,000
- Buyer: Empire Group Of Companies - Sanjay Singh Sohal
- Seller: Lorraine Bishop
- Address: 45 Old Montauk Hwy
- Market: Hamptons
- Square Footage: 2,300
- Price Per Square Foot: $2,561
The buyer in this transaction is Empire Group Of Companies, represented by Sanjay Singh Sohal. The seller is Lorraine Bishop.
Players
North Hampton, New York MultiFamily Market Snapshot
Boundary boundary · MultiFamily · Sale transactions
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Purchase Price
Annual NOI
Loan Amount
Interest Rate (%)
Loan Term (yrs)
Down Payment (%)
Cap Rate
2.69%
Cash-on-Cash
-0.77%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93