Shoshi Builders Purchases Mixed-Use Property In East Hampton For $3,550,000 With Brokers Jeffrey Sztorc & Hal Zwick
98 Newtown Lane
$3,550,000
$1,775/SF
Building Size
2,000 SF
Asset Type
Mixed-use
Closing
Mar 30, 2026
About this deal
AI
A mixed-use property located at 98 Newtown Lane in the East Hampton market has been sold for $3,550,000. The asset spans 2,000 square feet, resulting in a price per square foot of $1,775.
Summary of transaction details:
- Property Type: Mixed-use
- Transaction Amount: $3,550,000
- Address: 98 Newtown Lane
- Market: East Hampton
- Buyer: Shoshi Builders
- Seller: Lem Menelaws
- Brokers: Jeffrey Sztorc & Hal Zwick - Compass
- Square Footage: 2,000
- Price per Square Foot: $1,775
The transaction involved Shoshi Builders as the buyer, with Lem Menelaws as the seller. The brokerage team representing this deal comprised Jeffrey Sztorc and Hal Zwick from Compass.
On the Map
$3,550,000
$1,775/SF
Mixed-use
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Players
East Hampton 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
4.47%
Cash-on-Cash
-1.28%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93