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58 Howard Street

Updated Jun 27, 2025

Bilt advertisement
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

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

Hal Zwick

Compass

Broker

$152.6M

vol

15 deals

Broker
Compass
CompassBrokerage
David Shorenstein

David Shorenstein

Hildreth Real Estate Advisors

Seller

$210.3M

vol

64 deals

Seller
Woodglen Investments
Woodglen InvestmentsSeller

Sag Harbor MultiFamily Market Snapshot

Boundary boundary · MultiFamily · Sale transactions

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Deal FAQ

About $828 per square foot on a published $5.7M for 6,880 square feet (2025).

Visit Jeffrey "Jeff" Sztorc to view all their deals.

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

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