Hildreth Real Estate Advisors Acquires Mixed Use Property In Amagansett For $10.8M
SOLD
$5,200,000
New York
See Similar DealsMixed-use9,700 SF
Sold 12/22/2022
SOLD
Hildreth Real Estate Advisors Acquires Mixed Use Property In Amagansett For $10.8M
11 Indian Wells Highway
See Similar DealsMixed-use9,700 SF
Sold 12/22/2022
Summary
NEW YORK
Asset Type:Mixed-use
Price Per Square Foot:$536
Total Square Footage:9,700 SF
Transaction Type:Sale
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
Details
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Deal Type
30 years
10 years
Operating Income
Operating Expenses (Annual)
Net Operating Income (NOI)
$277,333.32
Debt Service Coverage Ratio (DSCR)
0.94x
Cap Rate
5.33%
Cash Flow (Annual)-$18,474.52
Cash-on-Cash Return-1.27%
Monthly Debt Service$24,650.65
Annual Debt Service$295,807.83
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