Compass Brokers Jeffrey Sztorc & Hal Zwick Facilitate $4.3M Sale Of Hampton Bays Multifamily Property
SOLD
$4,275,000
New York
See Similar DealsMultiFamily8 SF
Sold 05/12/2022
SOLD
Compass Brokers Jeffrey Sztorc & Hal Zwick Facilitate $4.3M Sale Of Hampton Bays Multifamily Property
164 Montauk Highway Hampton Bays, NY 11946
See Similar DealsMultiFamily8 SF
Sold 05/12/2022
Summary
NEW YORK
Asset Type:MultiFamily
Price Per Square Foot:$534,375
Total Square Footage:8 SF
Transaction Type:Sale
The multifamily property located at 164 West Montauk Highway in Hampton Bays has been sold for a price of $4,275,000. The property spans a total area of 8,800 square feet, resulting in a price per square foot of $486. The sale was facilitated by brokers Jeffrey Sztorc and Hal Zwick from Compass.
Summary of transaction details
- Property Type: Multifamily
- Transaction Amount: $4,275,000
- Square Footage: 8,800
- Price per Square Foot: $486
- Address: 164 West Montauk Highway, Hampton Bays
- Market: Hampton Bays
Jeffrey Sztorc and Hal Zwick, representing Compass, played a pivotal role in the successful completion of this transaction.
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Deal Type
30 years
10 years
Operating Income
Operating Expenses (Annual)
Net Operating Income (NOI)
$228,000.00
Debt Service Coverage Ratio (DSCR)
0.94x
Cap Rate
5.33%
Cash Flow (Annual)-$15,188.17
Cash-on-Cash Return-1.27%
Monthly Debt Service$20,265.68
Annual Debt Service$243,188.17
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