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
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