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127 Inlet Road West

Updated Oct 29, 2024

Bilt advertisement
Hildreth Real Estate Advisors Acquires Multifamily Property In Hamptons For $3M
SOLDMultiFamily

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

David Shorenstein

Hildreth Real Estate Advisors

Buyer

$210.3M

vol

64 deals

Buyer

Hampton Bays MultiFamily Market Snapshot

Boundary boundary · MultiFamily · Sale transactions

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Deal FAQ

About $667 per square foot on a published $3M for 4,497 square feet (2022).

Visit David Shorenstein to view all their deals.

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

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