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40 West Main Street

Jason Breitstone & David Shorenstein Of Hildreth Real Estate Advisors Sell Retail Asset In Southampton For $1.875M
SOLDRetail

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:

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

Hal Zwick

Compass

Broker

$149M

vol

14 deals

Broker
Compass
CompassBrokerage
David Shorenstein

David Shorenstein

Hildreth Real Estate Advisors

Seller

$187.3M

vol

60 deals

Seller
Hildreth Real Estate Advisors
Hildreth Real Estate AdvisorsSeller

Southampton 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

8.13%

Cash-on-Cash

-2.32%

Monthly Payment

$14,164

Annual Debt Svc

$169,964

Annual Cash Flow

$-11,334

DSCR

0.93