LVMH Acquires Retail Property In East Hampton For $22M With Seller's Rep Jordan Sutton, Robert Shapiro, Daniel Abbondandolo & Victor Little
1 Main Street
$22,000,000
$4,400/SF
Building Size
5,000 SF
Asset Type
Retail
Closing
Mar 31, 2023
About this deal
AI
The retail property located at 1 Main Street in East Hampton was recently sold in a transaction. The property spans 5,000 square feet and was sold for a price of $22,000,000, resulting in a price per square foot of $4,400. The buyer in this transaction was LVMH, represented by Bernard Arnault. The seller was Tahari Capital, represented by Jeremey Tahari.
Summary of transaction details:
- Property Type: Retail
- Transaction Amount: $22,000,000
Andrew Goldberg from CBRE acted as the buyer's representative for LVMH in this transaction. On the seller's side, Jordan Sutton, Robert Shapiro, Daniel Abbondandolo, and Victor Little from Cushman & Wakefield represented Tahari Capital. They can be reached for other opportunities related to this sale.
Please note that Jeremey Tahari of Tahari Capital is actively seeking multifamily opportunities in New York City. For any inquiries, you can reach him directly at [email protected].
On the Map
$22,000,000
$4,400/SF
Retail
View full map
Players
Market Retail Market Snapshot
Boundary boundary · Retail · Sale transactions
Loading comparables…
Deal FAQ
Visit Jeremey Tahari to view all their deals.
Browse New York retail sales on Traded.
Purchase Price
Annual NOI
Loan Amount
Interest Rate (%)
Loan Term (yrs)
Down Payment (%)
Cap Rate
0.72%
Cash-on-Cash
-0.21%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93