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35 Gardners Lane, Hampton B...

Hildreth Real Estate Advisors Acquires Multifamily Property In Hampton Bays From Alexander Kulch For $1.45M
SOLDMultiFamily

Hildreth Real Estate Advisors Acquires Multifamily Property In Hampton Bays From Alexander Kulch For $1.45M

35 Gardners Lane, Hampton Bays, New York 11946, United States

$1,450,000

$472/SF

Building Size

3,068 SF

Asset Type

MultiFamily

Closing

Jun 1, 2022

AI

The multifamily property located at 35 Gardners Ln. in Hampton Bays has been sold for a total price of $1,450,000. The property consists of three units with a total square footage of 3,068. The sale price per unit stands at $483,333, and the price per square foot is $472. The asset type of the property is a multifamily.

Summary of transaction details

  • Property Type: Multifamily
  • Transaction Amount: $1,450,000
  • Address: 35 Gardners Ln.
  • Market: Hampton Bays

The buyer of the property is Hildreth Real Estate Advisors represented by Yair Sarraf from their firm. The seller of the property is Alexander Kulch. The property consists of a 2-bedroom house, a 2-bedroom cottage, and a studio. Additionally, it includes boat docks.

If you have any Hamptons investment opportunities, you can reach out to Hildreth Real Estate Advisors via email at [email protected] or by direct message.

Players

Yair Sarraf

Hildreth Real Estate Advisors

Buyer

$52.4M

vol

14 deals

Buyer

Hampton Bays 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

10.94%

Cash-on-Cash

-3.13%

Monthly Payment

$14,164

Annual Debt Svc

$169,964

Annual Cash Flow

$-11,334

DSCR

0.93