Compass Acquires Mixed-Use Property In Southampton Village For $8.4M

The sale of 1-15 Hill Street / 1-17 Windmill Lane in Southampton Village has been successfully completed. The mixed-use property, located on the vibrant corner of Hill Street and Windmill Lane, offers a prime reposition opportunity. It traded for $8,400,000, with a price per square foot of $423. The property spans across 19,865 square feet, providing ample space for various uses.

Summary of transaction details

• Property Type: Mixed-use
• Transaction Amount: $8,400,000
• Address: 1-15 Hill Street / 1-17 Windmill Lane
• Market: Southampton
• Square Footage: 19,865
• Price per Square Foot: $423

The buyer's representative for this transaction was Hal Zwick and Jeffrey Sztorc from Compass. They facilitated the deal, ensuring both parties' interests were met. On the other hand, the seller, Phillip Futterman from The Futterman Organization, was represented by Joe Musso and Daniel Abbondandolo from Cushman & Wakefield.

The property's location offers tremendous potential, situated in the heart of Southampton Village. It is positioned near billionaire developer Aby Rosen's landmark Southampton Cinema redevelopment, which is anticipated to inject new energy and vitality into the Village Center. With its central position and the various repositioning opportunities it presents, this property is an appealing investment for the future.

For further information about this transaction, interested parties can reach out to the following contacts:

Joe Musso | Associate
P: 631 425 1236 | E: [email protected]

Dan Abbondandolo | Executive Director
P: 516 375 6336 | E: [email protected]