facebook

traded

+ Submit
Home

/

Deals

/

New York

/

Multifamily

/

Sale

/

58 Howard Street

Blue Flag Capital Acquires Multifamily Asset In Sag Harbor For $5.7M With HREA And Compass
SOLDMultiFamily

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

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

Hal Zwick

Compass

Broker

$149M

vol

14 deals

Broker
Compass
CompassBrokerage
David Shorenstein

David Shorenstein

Hildreth Real Estate Advisors

Seller

$187.3M

vol

60 deals

Seller
Woodglen Investments
Woodglen InvestmentsSeller

Sag Harbor 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

2.78%

Cash-on-Cash

-0.80%

Monthly Payment

$14,164

Annual Debt Svc

$169,964

Annual Cash Flow

$-11,334

DSCR

0.93