Updated Oct 29, 2024
Hildreth Real Estate Advisors Acquires Multifamily Property In Hamptons For $3M
127 Inlet Road West
$3,000,000
$667/SF
Building Size
4,497 SF
Asset Type
MultiFamily
Closing
Dec 1, 2022
About this deal
AI
Hildreth Real Estate Advisors, represented by David Shorenstein, Jason Breitstone, Max Padway, and Yair Sarraf, has acquired a multifamily property located at 127 Inlet Road in Hamptons. The property consists of 5 units with a total square footage of 4,497. The sale price for this transaction was $3,000,000, resulting in a per unit price of $600,000 and a price per square foot of $667.
Summary of transaction details
- Property Type: Multifamily
- Transaction Amount: $3,000,000
- Address: 127 Inlet Road
- Market: Hamptons
- Buyer: Hildreth Real Estate Advisors - David Shorenstein, Jason Breitstone, Max Padway, and Yair Sarraf
- Seller: Mikelynn Salthouse
- Total Units: 5
- Price Per Unit: $600,000
- Total Square Footage: 4,497
- Price Per Square Foot: $667
Hildreth Real Estate Advisors, through their representatives, are proud to announce their 10th acquisition in the Hamptons. For any future deals in the Hamptons, please contact them at [email protected].
Players
Hampton Bays MultiFamily Market Snapshot
Boundary boundary · MultiFamily · Sale transactions
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Purchase Price
Annual NOI
Loan Amount
Interest Rate (%)
Loan Term (yrs)
Down Payment (%)
Cap Rate
5.29%
Cash-on-Cash
-1.51%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93