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

Property Image
SOLD
$1,450,000

New York

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MultiFamily3,068 SF
Sold 06/02/2022
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SOLD

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

See Similar Deals
MultiFamily3,068 SF
Sold 06/02/2022
Contact now

Summary

NEW YORK
Asset Type:MultiFamily
Price Per Square Foot:$472
Total Square Footage:3,068 SF
Transaction Type:Sale

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
13 deals$49M volume
BUYER

Details

SOLD
IMAGE: Yair Sarraf DATE: 06/02/2022 ADDRESS: 35 Gardners Ln. MARKET: Hampton Bays ASSET TYPE: Multifamily BUYER: Hildreth Real Estate Advisors (@Hildreth.Advisors) - Yair Sarraf (@Yair_Sarraf) SELLER: Alexander Kulch SALE PRICE: $1,450,000 UNITS: 3 ~ PPU: $483,333 SF: 3,068 ~ PPSF: $472 NOTE FROM BUYER: The property consists of a 2-bedroom house, 2-bedroom cottage, a studio & includes boat docks. Please email [email protected] or DM if you have any Hamptons investment opportunities.

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Net Operating Income (NOI)

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Debt Service Coverage Ratio (DSCR)

0.94x

Cap Rate

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