NYU Purchases Retail Property Montauk Highway Southampton From Harrison Gray For Ten Million
SOLD
New York
See Similar DealsRetail19,500 SF
Sold 07/31/2025
SOLD
NYU Purchases Retail Property Montauk Highway Southampton From Harrison Gray For Ten Million
54 Montauk Highway
See Similar DealsRetail19,500 SF
Sold 07/31/2025
Summary
NEW YORK
Asset Type:Retail
Price Per Square Foot:$556
Total Square Footage:19,500 SF
Transaction Type:Sale
Retail property at 54 Montauk Highway in Southampton was sold for $10,850,000. The asset comprises 19,500 square feet, with a price per square foot of $556. The transaction occurred on 7/31/2025, with NYU as the buyer and Harrison Gray as the seller.
Summary of transation details:
- Property Type: Retail
- Transaction Amount: $10,850,000
- Address: 54 Montauk Highway
- Market: Southampton
- Date of Sale: 7/31/2025
- Buyer: NYU
- Seller: Harrison Gray
- Brokers: Hal Zwick - Compass; Jeffrey Sztorc - Compass; Ted Stratigos - Avison Young
- SF: 19,500
- PPSF: $556
Key individuals and firms involved include broker representatives Hal Zwick and Jeffrey Sztorc of Compass and Ted Stratigos of Avison Young, indicating the broker collaboration behind the closing.
Players
BROKERAGE
BROKERAGE
Details
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30 years
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Operating Income
Operating Expenses (Annual)
Net Operating Income (NOI)
$578,666.66
Debt Service Coverage Ratio (DSCR)
0.94x
Cap Rate
5.33%
Cash Flow (Annual)-$38,547.77
Cash-on-Cash Return-1.27%
Monthly Debt Service$51,434.54
Annual Debt Service$617,214.42
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