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1 Hampton Rd Southampton, N...

Collette Consignment Leases Retail Space At 1 Hampton Road In Southampton
LEASEDRetail

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

Steven Politis

Broker

9 deals

Broker

New York Retail Market Snapshot

Boundary boundary · Retail · Lease transactions

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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