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Christian Lipp Acquires Retail Property In East Hampton For $2.7M

Property Image
SOLD
$2,700,000
Jordan Sutton
Daniel Abbondandolo
+ 1

New York

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Retail972 SF
Sold 11/20/2023
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Property Image
SOLD

Christian Lipp Acquires Retail Property In East Hampton For $2.7M

54 Main Street

See Similar Deals
Retail972 SF
Sold 11/20/2023
Jordan Sutton
Daniel Abbondandolo
+ 1
Contact now

Summary

NEW YORK
Asset Type:Retail
Price Per Square Foot:$2,777
Total Square Footage:972 SF
Transaction Type:Sale

Located at 54 Main Street in East Hampton, this retail property was recently sold in a closed transaction. The property spans 972 square feet and was sold at a price of $2,700,000, resulting in a price per square foot of $2,778. The sale was facilitated by Jeremey Tahari of Tahari Capital, who represented the seller. The buyer, Christian Lipp, was represented by Scott Strough of Compass.

Summary of transaction details:

  • Property Type: Retail
  • Sale Price: $2,700,000
  • Square Footage: 972
  • Price per Square Foot: $2,778
  • Address: 54 Main Street, East Hampton
  • Market: East Hampton

Jordan Sutton, Daniel Abbondandolo, and Victor Little from Cushman & Wakefield played a role in this transaction as the seller's representatives. For any further inquiries or potential investment opportunities, reach out to Cushman & Wakefield:

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

33 deals$246.4M volume(917) 284-1406
BROKER


Victor Little
Cushman & Wakefield
29 deals$165.3M volume(631) 425-1239
BROKER

Jeremey Tahari
16 deals$59.5M volume
SELLER

Details

SOLD
IMAGE: Jeremey Tahari, Jordan Sutton, Daniel Abbondandolo & Victor Little DATE: 11/20/2023 ADDRESS: 54 Main Street MARKET: East Hampton ASSET TYPE: Retail BUYER: Christian Lipp SELLER: Jeremey Tahari (@Jeremey) - Tahari Capital BUYER'S REP: Scott Strough - Compass SELLER'S REP: Jordan Sutton (@JSutto12), Daniel Abbondandolo (@TeamAbbondandolo) & Victor Little (@Victor.R.Little) - Cushman & Wakefield (@CushWake) SALE PRICE: $2,700,000 SF: 972 ~ PPSF: $2,778 NOTE FROM BROKER: Cushman & Wakefield - Please contact us 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

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Net Operating Income (NOI)

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Debt Service Coverage Ratio (DSCR)

0.94x

Cap Rate

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Cash Flow (Annual)-$9,592.53
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