Jordan Vogel & Aaron Feldman Sell East Hampton Retail Property To Prada For $10.25M
2 Newtown Lane
$10,250,000
$2,562/SF
Building Size
4,000 SF
Asset Type
Retail
Closing
Apr 3, 2025
AI
The property asset involved in this transaction is a retail space located at 2 Newtown Lane in East Hampton. The sale was executed at a price of $10,250,000, comprising a total square footage of 4,000, resulting in a price per square foot of $2,562.
Summary of transaction details:
- Property Type: Retail
- Transaction Amount: $10,250,000
- Address: 2 Newtown Lane
- Market: East Hampton
- Seller: Jordan Vogel & Aaron Feldman - Benchmark Real Estate
- Broker: Jordan Sutton & Mark Golberg - Tahari Realty
- Tenant: Prada
- Square Footage: 4,000
- Price per Square Foot: $2,562
The transaction involved key individuals Jordan Sutton and Mark Golberg, representing the brokerage firm Tahari Realty, which is noted for its comprehensive real estate advisory services. The firm specializes in retail investment sales, leasing, and capital advisory across various property types.
Players
East Hampton Retail Market Snapshot
Boundary boundary · Retail · Sale transactions
Loading comparables…
Purchase Price
Annual NOI
Loan Amount
Interest Rate (%)
Loan Term (yrs)
Down Payment (%)
Cap Rate
1.55%
Cash-on-Cash
-0.44%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93