Beach Hospitality Acquires Multifamily Property In Westhampton Beach For $2M | 7 Beach Lane | Corey Gluckstal | MultiFamily | Sale

Summary

Sale

NEW YORK

MultiFamily

7,000 sqft

The Grassmere Inn at 7 Beach Lane, Westhampton Beach, NY has been sold for $2,000,000. The multifamily property, situated on 1 acre of land, offers a total of 7,000 square feet of space. The sale price translates to a price per square foot of $285. The transaction included the transfer of keys for 17 units, resulting in a price per key of $117,647.

Summary of transation details

Property Type: Multifamily
Transaction Amount: $2,000,000
Address: 7 Beach Lane, Westhampton Beach, NY
Market: Westhampton Beach

Beach Hospitality was the buyer of the Grassmere Inn, while Peter Kaplan acted as the seller. The transaction was facilitated by Corey Gluckstal from FivePointRealEstate, serving as the broker representing the parties involved in the deal.

NOTE: The Grassmere Inn at 7 Beach Lane, Westhampton Beach, NY is...

Players

All
2

Agents
1
Agencies
1

Corey Gluckstal

Managing Partner

$78.6M Sold

Five Point Real Estate

Details

Deal Summary

SOLD

IMAGE: IMAGE: Corey Gluckstal DATE: 10/01/2020 ADDRESS: 7 Beach Lane MARKET: Westhampton Beach ASSET TYPE: Multifamily BUYER: Beach Hospitality SELLER: Peter Kaplan BROKER: Corey Gluckstal @FivePointRealEstate SALE PRICE: $2,000,000 SF: 7,000 (on 1 acre) ~ PPSF: $285 KEYS: 17 ~ PPK: $117,647 NOTE: The Grassmere Inn at 7 Beach Lane, Westhampton Beach, NY is […]

View on map

Address7 Beach Lane

Comparables

This user does not have deals with the selected filters yet.
Reset filters to show results.

Contact

Get in touch with the broker you want