Hildreth Real Estate Advisors Acquires 24-Unit Multifamily In Hamptons From Glenn Yurgel For $7M

Located at 2201 North Rd in the Hamptons, this recently sold multifamily property has attracted attention from real estate investors. The property comprises 24 units with a total area of 11,760 square feet. The sale price for this transaction amounted to $7,000,000, resulting in a per unit price of approximately $291,666 and a price per square foot of $595. This sale marks the first time this property has changed hands in over 20 years.

Summary of transaction details

• Property Type: Multifamily
• Transaction Amount: $7,000,000
• Address: 2201 North Rd, Hamptons
• Number of Units: 24
• Price per Unit: $291,666
• Total Square Footage: 11,760
• Price per Square Foot: $595

The buyer of this property was Hildreth Real Estate Advisors, represented by David Shorenstein, Jason Breitstone, Max Padway, and Yair Sarraf. On the seller's side, Glenn Yurgel closed this deal. HREA acquired the property off-market at a price of $595 per square foot and $292,000 per door. For any potential Hamptons investment opportunities, you can reach out to Hildreth Real Estate Advisors at [email protected] or via direct message on their Instagram account.