Northwind Group Acquires Multifamily Property In Southampton For $10.6 Million With Brokers Jeff Sztorc Hal Zwick Sean Deery

The sale involved a multifamily property located at 929 & 933 County Road 39 in Southampton, NY. The asset was sold for $10,600,000 and comprises 24 units across a total area of 20,000 square feet, translating to a price per unit of $441,666 and a price per square foot of $530.

Summary of transaction details:

• Property Type: Multifamily
• Transaction Amount: $10,600,000
• Address: 929 & 933 County Road 39
• Market: Southampton, NY
• Units: 24
• Square Feet: 20,000
• Price Per Unit: $441,666
• Price Per Square Foot: $530
• Buyer: Northwind Group
• Seller: Sandstrom Enterprises
• Broker Representatives: Jeff Sztorc, Hal Zwick & Sean Deery - Compass

The transaction was facilitated by The Hamptons Commercial Real Estate Team at Compass, highlighting the significance of this legacy multi-family property which was owned by a local family for decades, situated on nearly ten acres with views of Shinnecock Bay.