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46 Main St, East Hampton, N...

Rose Cheng Acquires Retail Property On Main Street, East Hampton For $3.3M
SOLDRetail

Rose Cheng Acquires Retail Property On Main Street, East Hampton For $3.3M

46 Main St, East Hampton, NY 11937

$3,300,000

$2,006/SF

Building Size

1,645 SF

Asset Type

Retail

Closing

Sep 8, 2023

AI

A retail property located at 46 Main Street in East Hampton has been sold for a price of $3,300,000. The property spans a total area of 1,645 square feet, resulting in a price per square foot of $2,006.

Summary of transaction details

The deal's broker representation was handled by Jordan Sutton, director of Capital Markets, and Daniel Abbondandolo, executive director of Capital Markets, from Cushman & Wakefield. For further inquiries or other opportunities, please contact:

Jordan Sutton
Email: [email protected]
Direct: (212) 589 5101

Daniel Abbondandolo
Email: [email protected]
Direct: (631) 425 1232

Players

Jordan Sutton

JGS Realty GRP LLC

Broker

$246.4M

vol

33 deals

Broker

Rose Cheng

Buyer

$6.3M

vol

2 deals

Buyer

Market 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

4.81%

Cash-on-Cash

-1.37%

Monthly Payment

$14,164

Annual Debt Svc

$169,964

Annual Cash Flow

$-11,334

DSCR

0.93