Robert Zecher Of Vault Development Properties Acquires Commercial Asset From Apple Bank For $10.5M

The property involved in the transaction is a commercial building located at 138 Main Street in Sag Harbor. The building spans a total of 10,885 square feet and was sold for a price of $10,500,000, equating to a price per square foot of $965.

Summary of transation details:

• Property Type: Commercial
• Transaction Amount: $10,500,000
• Address: 138 Main Street
• Market: Sag Harbor
• Square Footage: 10,885
• Price Per Square Foot: $965
• Buyer: Robert Zecher - Vault Development Properties
• Seller: Apple Bank
• Brokers: Michael Murphy & Michael Daly - Douglas Elliman; Hal Zwick & Jeffrey Sztorc - Compass

This transaction reflects a significant deal in the local real estate market, taking place after a duration of six months on the market. The involvement of multiple brokers from different agencies showcases a collaborative effort in facilitating this high-value transaction.