Updated Jun 27, 2025
Blue Flag Capital Acquires Multifamily Asset In Sag Harbor For $5.7M With HREA And Compass
58 Howard Street
$5,700,000
$828/SF
Building Size
6,880 SF
Asset Type
MultiFamily
Closing
Jun 8, 2025
About this deal
AI
This multifamily asset is located at 58 Howard Street in Sag Harbor. The sale was finalized at a price of $5,700,000, comprising 7 units with an average price per unit of $814,285. The total square footage of the property is 6,880, resulting in a price per square foot of $828.
Summary of transaction details:
- Property Type: Multifamily
- Transaction Amount: $5,700,000
- Units: 7
- Average Price Per Unit: $814,285
- Total Square Footage: 6,880
- Price Per Square Foot: $828
- Buyer: Blue Flag Capital
- Seller: Jason Breitstone & David Shorenstein - Hildreth Real Estate Advisors; Thanassis Chysas & Scott Maslin - Woodglen Investments
- Broker: Hal Zwick & Jeff Sztorc - Hamptons Commercial RE Team at Compass
Hal Zwick and Jeff Sztorc, representing the buyers, played a significant role in successfully completing the transaction. The seller, Hildreth Real Estate Advisors, and Woodglen Investments are actively seeking new commercial properties across the Tri-state area.
Players
Sag Harbor MultiFamily Market Snapshot
Boundary boundary · MultiFamily · Sale transactions
Loading comparables…
Deal FAQ
Visit Jeffrey "Jeff" Sztorc to view all their deals.
Browse Sag Harbor multifamily sales on Traded.
Purchase Price
Annual NOI
Loan Amount
Interest Rate (%)
Loan Term (yrs)
Down Payment (%)
Cap Rate
2.78%
Cash-on-Cash
-0.80%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93