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48 Main Street

Rose Cheng Acquires Retail Property On Main Street In East Hampton For $3M From Seller Tahari Capital
SOLDRetail

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

Jordan Sutton

JGS Realty GRP LLC

Broker

$246.4M

vol

33 deals

Broker

Rose Cheng

Buyer

$6.3M

vol

2 deals

Buyer
Jeremey Tahari

Jeremey Tahari

Tahari Capital

Seller

$59.5M

vol

16 deals

Seller

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

5.29%

Cash-on-Cash

-1.51%

Monthly Payment

$14,164

Annual Debt Svc

$169,964

Annual Cash Flow

$-11,334

DSCR

0.93