Hildreth Real Estate Advisors Acquires Hampton Bays Multifamily For $1.9M

The multifamily property located at 164 W. Montauk Hwy in Hampton Bays has been sold in a closed transaction. The property consists of 9 units with a total square footage of 8,800. The sale price for the property was $1,900,000, resulting in a per unit price of $211,111 and a price per square foot of $215.

Summary of transaction details:

• Property Type: Multifamily
• Transaction Amount: $1,900,000
• Address: 164 W. Montauk Hwy, Hampton Bays
• Market: Hampton Bays

The buyer of this property is Hildreth Real Estate Advisors, while the seller is Margaret Pensa. Hildreth Real Estate Advisors expressed their satisfaction with the off-market acquisition, mentioning that the property was purchased for $216,000 per square foot and $211,111 per unit. It's worth noting that this is Hildreth Real Estate Advisors' fifth acquisition in the Hamptons. For future deals, interested parties can reach out to [email protected].