Christian Lipp Acquires Retail Property In East Hampton For $2.7M
54 Main Street
$2,700,000
$2,777/SF
Building Size
972 SF
Asset Type
Retail
Closing
Nov 20, 2023
AI
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
East Hampton 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
5.88%
Cash-on-Cash
-1.68%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93