Hildreth Real Estate Advisors Acquires Mixed Use Property In Amagansett For $10.8M
11 Indian Wells Highway
$5,200,000
$536/SF
Building Size
9,700 SF
Asset Type
Mixed-use
Closing
Dec 22, 2022
About this deal
AI
11 Indian Wells Highway & 136 Main St in Amagansett has been sold for $10,800,000 in a mixed-use transaction. The property encompasses a total of 17,023 square feet, resulting in a price per square foot of $634.
Summary of Transaction Details
- Property Type: Mixed Use
- Transaction Amount: $10,800,000
- Address: 11 Indian Wells Highway & 136 Main St, Amagansett
- Market: Amagansett
The buyer of 11 Indian Wells Highway & 136 Main St is Hildreth Real Estate Advisors, represented by Max Padway, David Shorenstein, Yair Sarraf, and Jason Breitstone. The brokers involved in the deal are Hal Zwick and Jeffrey Sztorc from Compass.
Players
Amagansett Mixed-use Market Snapshot
Boundary boundary · Mixed-use · Sale transactions
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Purchase Price
Annual NOI
Loan Amount
Interest Rate (%)
Loan Term (yrs)
Down Payment (%)
Cap Rate
3.05%
Cash-on-Cash
-0.87%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93