Rose Cheng Acquires Retail Property On Main Street In East Hampton For $3M From Seller Tahari Capital
48 Main Street
$3,000,000
$2,237/SF
Building Size
1,341 SF
Asset Type
Retail
Closing
Sep 8, 2023
AI
A retail property located at 48 Main Street in East Hampton has been sold for a price of $3,000,000. The property spans 1,341 square feet and was sold at a price per square foot of $2,237. The transaction took place between seller Jeremey Tahari, representing Tahari Capital, and buyer Rose Cheng.
Summary of transaction details
- Property Type: Retail
- Transaction Amount: $3,000,000
- Address: 48 Main Street, East Hampton
- Square Footage: 1,341
- Price per Square Foot: $2,237
Cushman & Wakefield agents Jordan Sutton, Daniel Abbondandolo, and Victor Little facilitated the deal as the brokers. They can be contacted for other opportunities:
Jordan Sutton – Director, Capital Markets
Email: [email protected]
Direct: (212) 589 5101
Daniel Abbondandolo – Executive Director, Capital Markets
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
5.29%
Cash-on-Cash
-1.51%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93