Hal Zwick, Jeffrey Sztorc & Sean Deery Of Compass Sell Retail Asset In Sag Harbor For $30M
SOLD
$30,000,000
New York
See Similar DealsRetail29,850 SF
Sold 02/11/2025
SOLD
Hal Zwick, Jeffrey Sztorc & Sean Deery Of Compass Sell Retail Asset In Sag Harbor For $30M
22 Long Island Avenue
See Similar DealsRetail29,850 SF
Sold 02/11/2025
Summary
NEW YORK
Asset Type:Retail
Price Per Square Foot:$1,005
Total Square Footage:29,850 SF
Transaction Type:Sale
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
Details
Stay in the Know
Subscribe for insider commercial real estate news, deal highlights, and market insights—delivered straight to your inbox.
By subscribing, you agree to our Terms of Service and Privacy Policy.
Similar Deals
Contact
Get in touch with the broker you want
Suggestions
CRE CalculatorAnalyze deals based on income, expenses, and financing. We automatically filled the calculator with data from the deal you are viewing, fill free to modify it to see how it affects the results.
Deal Type
30 years
10 years
Operating Income
Operating Expenses (Annual)
Net Operating Income (NOI)
$1,600,000.01
Debt Service Coverage Ratio (DSCR)
0.94x
Cap Rate
5.33%
Cash Flow (Annual)-$106,583.66
Cash-on-Cash Return-1.27%
Monthly Debt Service$142,215.31
Annual Debt Service$1,706,583.66
Is there something missing? Send suggestions