Updated Sep 9, 2024
Compass Brokers Jeffrey Sztorc & Hal Zwick Facilitate $4.3M Sale Of Hampton Bays Multifamily Property
164 Montauk Highway Hampton Bays, NY 11946
$4,275,000
$534,375/SF
Building Size
8 SF
Asset Type
MultiFamily
Closing
May 12, 2022
About this deal
AI
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.
Players
Westhampton 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
3.71%
Cash-on-Cash
-1.06%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93