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.
Hampton Bays MultiFamily Market Snapshot
Boundary boundary · MultiFamily · Sale transactions
Loading comparables…
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