The property asset involved in this transaction is a retail space located at 40 West Main Street in Southampton. The asking price was $1,950,000, while the sale price was ultimately $1,875,000. The property spans a total area of 4,140 square feet, translating to a price per square foot of $453.

Summary of transaction details:

• Property Type: Retail
• Transaction Amount: $1,875,000
• Address: 40 West Main Street
• Market: Southampton
• Seller: Jason Breitstone & David Shorenstein - Hildreth Real Estate Advisors
• Brokers: Hal Zwick & Jeffrey Sztorc - Compass
• Asking Price: $1,950,000
• Square Footage: 4,140
• Price Per Square Foot: $453

The transaction was facilitated by the brokers Hal Zwick and Jeffrey Sztorc from Compass, representing the interests of the sellers, Jason Breitstone and David Shorenstein, who are affiliated with Hildreth Real Estate Advisors. Notably, the sellers have indicated their ongoing commitment to achieving strong results in the retail market and are actively pursuing commercial property acquisitions throughout the Tri-State area.