NYU Purchases Retail Property Montauk Highway Southampton From Harrison Gray For Ten Million

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.