Jason Breitstone & David Shorenstein Of Hildreth Real Estate Advisors Sell Retail Asset In Southampton For $1.875M
40 West Main Street
$1,950,000
$471/SF
Building Size
4,140 SF
Asset Type
Retail
Closing
Oct 9, 2025
AI
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.
Players
Southampton 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
8.13%
Cash-on-Cash
-2.32%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93