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22 Long Island Avenue

Hal Zwick, Jeffrey Sztorc & Sean Deery Of Compass Sell Retail Asset In Sag Harbor For $30M
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Hal Zwick, Jeffrey Sztorc & Sean Deery Of Compass Sell Retail Asset In Sag Harbor For $30M

22 Long Island Avenue

$30,000,000

$1,005/SF

Building Size

29,850 SF

Asset Type

Retail

Closing

Feb 11, 2025

AI

The property asset involved in this transaction is a retail space located at 22 Long Island Avenue & 2 Main Street in Sag Harbor. The transaction was completed with a sale price of $30,000,000, covering a total square footage of 29,850, which translates to a price per square foot of $1,005.

Summary of transaction details:

  • Property Type: Retail
  • Transaction Amount: $30,000,000
  • Square Footage: 29,850
  • Price per Square Foot: $1,005
  • Address: 22 Long Island Avenue & 2 Main Street
  • Market: Sag Harbor

The deal was facilitated by brokers Hal Zwick, Jeffrey Sztorc, and Sean Deery, representing Compass. They played a crucial role in the transaction, ensuring all aspects were handled efficiently throughout the process.

Players

Hal Zwick

Compass

Broker

$149M

vol

14 deals

Broker

Sag Harbor Retail Market Snapshot

Boundary boundary · Retail · Sale transactions

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Purchase Price

Annual NOI

Loan Amount

Interest Rate (%)

Loan Term (yrs)

Down Payment (%)

Cap Rate

0.53%

Cash-on-Cash

-0.15%

Monthly Payment

$14,164

Annual Debt Svc

$169,964

Annual Cash Flow

$-11,334

DSCR

0.93