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127 Inlet Road West

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

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

$187.3M

vol

60 deals

Buyer

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