Collette Consignment Leases Retail Space At 1 Hampton Road In Southampton
1 Hampton Rd Southampton, NY 11968, USA
$60
$60/SF
Building Size
8,300 SF
Asset Type
Retail
Closing
May 1, 2023
AI
The retail property located at 1 Hampton Road in Southampton has been leased. The property spans approximately 8,300 square feet and was leased by Collette Consignment. The landlord, Petros Realty, was represented by Markos Hatgipetros. Steven Politis from Pan Brothers Associates Inc represented the tenant in the deal.
Summary of transaction details
- Property Type: Retail
- Asking Rent: $60 per square foot
- Square Footage: 8,300
- Date: 05/01/2023
- Address: 1 Hampton Road, Southampton
- Market: Southampton
This lease transaction was facilitated by Markos Hatgipetros, who represented the landlord, Petros Realty, and Steven Politis of Pan Brothers Associates Inc, who represented the tenant, Collette Consignment.
Players
New York Retail Market Snapshot
Boundary boundary · Retail · Lease transactions
Loading comparables…
Purchase Price
Annual NOI
Loan Amount
Interest Rate (%)
Loan Term (yrs)
Down Payment (%)
Cap Rate
264383.33%
Cash-on-Cash
-75561.57%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93