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

Property Image
SOLD
$3,000,000
Jason Breitstone
Max Padway
+ 1

New York

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MultiFamily4,497 SF
Sold 12/01/2022
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Property Image
SOLD

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

127 Inlet Road West

See Similar Deals
MultiFamily4,497 SF
Sold 12/01/2022
Jason Breitstone
Max Padway
+ 1
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Summary

NEW YORK
Asset Type:MultiFamily
Price Per Square Foot:$667
Total Square Footage:4,497 SF
Transaction Type:Sale

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
60 deals$187.3M volume
BUYER

Jason Breitstone
Hildreth Real Estate Advisors
35 deals$130.8M volume
BUYER

Max Padway
Hildreth Real Estate Advisors
23 deals$93.7M volume
BUYER

Yair Sarraf
Hildreth Real Estate Advisors
13 deals$49M volume
BUYER

Details

SOLD
IMAGE: David Shorenstein, Jason Breitstone, Max Padway & Yair Sarraf DATE: 12/01/2022 ADDRESS: 127 Inlet Road MARKET: Hamptons ASSET TYPE: Multifamily BUYER: Hildreth Real Estate Advisors - David Shorenstein (@Shoreshot1), Jason Breitstone (@JaBstone), Max Padway (@Max_Padway) & Yair Sarraf (@YmsRealEstate) SELLER: Mikelynn Salthouse SALE PRICE: $3,000,000 UNITS: 5 ~ PPU: $600,000 SF: 4,497 ~ PPSF: $667 NOTE FROM BUYER: Hildreth is proud to announce its 10th acquisition in the Hamptons. Please send all Hamptons deals to [email protected]

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Deal Type
Operating Income
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Net Operating Income (NOI)

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Debt Service Coverage Ratio (DSCR)

0.94x

Cap Rate

5.33%

Cash Flow (Annual)-$10,658.36
Cash-on-Cash Return-1.27%
Monthly Debt Service$14,221.53
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