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98 Newtown Lane

Shoshi Builders Purchases Mixed-Use Property In East Hampton For $3,550,000 With Brokers Jeffrey Sztorc & Hal Zwick
SOLDMixed-use

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

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.

Players

Hal Zwick

Compass

Broker

$149M

vol

14 deals

Broker

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