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

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.