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
- Property Type: Retail
- Transaction Amount: $3,300,000
- Address: 46 Main Street, East Hampton
- Market: East Hampton
- Buyer: Rose Cheng
- Seller: Jeremey Tahari
- Brokers: Jordan Sutton, Daniel Abbondandolo, and Victor Little - Cushman & Wakefield
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
Market 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
4.81%
Cash-on-Cash
-1.37%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93