Hildreth Real Estate Advisors Acquires Mixed-use Property In Amagansett For $5.6M
136 Main St, Amagansett, NY, USA
$5,600,000
$764/SF
Building Size
7,323 SF
Asset Type
Mixed-use
Closing
Nov 23, 2021
About this deal
AI
A mixed-use property located at 136 Main St., Amagansett in the Hamptons has been sold for $5,600,000. The property spans 7,323 square feet, with a price per square foot of $764. Situated on a 1-acre lot, this acquisition marks Hildeath Real Estate Advisors' third purchase in the Hamptons in the past 6 months.
Summary of transaction details
- Property Type: Mixed-use
- Transaction Amount: $5,600,000
- Square Footage: 7,323 SF
- Price per Square Foot: $764
- Lot Size: 1 acre
- Market: Hamptons
The buyers of this property are David Shorenstein, Jason Breitstone, and Max Padway, representing Hildreth Real Estate Advisors. The deal was facilitated by brokers Hal Zwick and Jeff Sztorc. HREA actively seeks further opportunities in the Hamptons and encourages interested parties to submit new deals to [email protected].
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
2.83%
Cash-on-Cash
-0.81%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93