Hildreth Real Estate Advisors Acquires Package Deal In Southampton & Westhampton Beach For $4.3M

A package deal consisting of three buildings was purchased in Southampton and Westhampton Beach. The asset type includes one single tenant retail building and two multi-tenant office buildings. The total sale price reached $4,312,500, with an approximate square footage of 7,280 and a price per square foot of $592. The involved addresses for this transaction are 40 W. Main St., 149 Hampton Rd., and 16 Library Ave.

Summary of transaction details:

• Property Type: Package Deal
• Transaction Amount: $4,312,500
• Square Footage: 7,280
• Price per Square Foot: $592
• Buyer: Hildreth Real Estate Advisors
• Buyer Representatives: David Shorenstein, Jason Breitstone, Max Padway, Yair Sarraf
• Seller: Sheila Guidera, Dorothea Donaldson, Fred Vanderwerven, Oakley Gentry Jr.
• Market: Southampton & Westhampton Beach

Hildreth Real Estate Advisors is actively seeking additional commercial properties in the Hamptons area. The transaction was unique as it involved purchasing directly off-market from three separate sellers.