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Hildreth Real Estate Advisors Acquires Package Deal In Southampton & Westhampton Beach For $4.3M

Property Image
SOLD
$4,312,500
+ 5

New York

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7,280 SF
Sold 09/13/2022
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Property Image
SOLD

Hildreth Real Estate Advisors Acquires Package Deal In Southampton & Westhampton Beach For $4.3M

40 West Main Street, Southampton, New York 11968, United States

See Similar Deals
7,280 SF
Sold 09/13/2022
+ 5
Contact now

Summary

NEW YORK
Price Per Square Foot:$592
Total Square Footage:7,280 SF
Transaction Type:Sale

The property involved in this transaction is a package deal consisting of three buildings located at 40 W. Main St., 149 Hampton Rd., and 16 Library Ave. in Southampton and Westhampton Beach. The total square footage of the properties is 7,280 square feet. The sale price for this package deal was $4,312,500, resulting in a price per square foot of $592.

Summary of transaction details

  • Property Type: Package Deal
  • Transaction Amount: $4,312,500
  • Address: 40 W. Main St., 149 Hampton Rd., and 16 Library Ave.
  • Market: Southampton and Westhampton Beach

Hildreth Real Estate Advisors - David Shorenstein, Jason Breitstone, Max Padway, and Yair Sarraf acted as the buyers in this transaction. The sellers were Sheila Guidera, Dorothea Donaldson, Fred Vanderwerven, and Oakley Gentry Jr. The buyers acquired the properties off-market directly from the three separate sellers. Hildreth Real Estate Advisors is actively seeking commercial properties in the Hamptons area and can be contacted at [email protected].

Players

David Shorenstein
60 deals$187.3M volume
BUYER

Jason Breitstone
Hildreth Real Estate Advisors
35 deals$130.8M volume
BUYER

Max Padway
Hildreth Real Estate Advisors
23 deals$93.7M volume
BUYER

Yair Sarraf
Hildreth Real Estate Advisors
13 deals$49M volume
BUYER


2 deals$8.6M volume
SELLER

2 deals$8.6M volume
SELLER

2 deals$8.6M volume
SELLER

Details

SOLD
IMAGE: David Shorenstein, Jason Breitstone, Max Padway & Yair Sarraf DATE: 09/13/2022 ADDRESS: 40 W. Main St., 149 Hampton Rd. & 16 Library Ave. MARKET: Southampton & Westhampton Beach ASSET TYPE: Package Deal BUYER: Hildreth Real Estate Advisors - David Shorenstein (@ShoreShot1), Jason Breitstone (@JabStone), Max Padway (@Max_Padway) & Yair Sarraf (@Yair_Sarraf) SELLER: Sheila Guidera, Dorothea Donaldson, Fred Vanderwerven & Oakley Gentry Jr. SALE PRICE: $4,312,500 SF: 7,280 ~ PPSF: $592 NOTE FROM BUYER: Hildreth Real Estate Advisors is actively seeking commercial properties in the Hamptons area. Please send opportunities to [email protected]. Three building package consisting of (one) single tenant retail building & (two) multi-tenant office buildings purchased off-market directly from three separate sellers.

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

$229,999.99

Debt Service Coverage Ratio (DSCR)

0.94x

Cap Rate

5.33%

Cash Flow (Annual)-$15,321.41
Cash-on-Cash Return-1.27%
Monthly Debt Service$20,443.45
Annual Debt Service$245,321.40