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15 Hill Street

Michael Hoffenberg's Trevian Capital Provides $9M Acquisition Loan For 19,000 SF Retail Property In Hamptons
FINANCEDRetail

Michael Hoffenberg's Trevian Capital Provides $9M Acquisition Loan For 19,000 SF Retail Property In Hamptons

15 Hill Street

$9,000,000

$473/SF

Building Size

19,000 SF

Asset Type

Retail

Closing

Jan 31, 2024

AI

The Hamptons retail property located at 15 Hill Street has been sold in a closed transaction. The property spans an impressive 19,000 square feet and is classified as a retail asset.

Summary of transaction details

Michael Hoffenberg from Trevian Capital served as the lender for this acquisition loan. The loan amount was $9,000,000 and was utilized for the purchase of the retail property at 15 Hill Street. Ryan Horowitz from Cooper Horowitz represented the buyer throughout the transaction.

Players

Ryan Horowitz

Cooper Horowitz

Broker

$309.7M

vol

12 deals

Broker
Trevian Capital
Trevian CapitalLender

Southampton Retail Market Snapshot

Boundary boundary · Retail · Loan transactions

Loading comparables…

Purchase Price

Annual NOI

Loan Amount

Interest Rate (%)

Loan Term (yrs)

Down Payment (%)

Cap Rate

1.76%

Cash-on-Cash

-0.50%

Monthly Payment

$14,164

Annual Debt Svc

$169,964

Annual Cash Flow

$-11,334

DSCR

0.93