David Shorenstein And Jason Breitstone Acquire Retail Strip Center In East Hampton For $3.925M
SOLD
$3,925,000
New York
See Similar DealsRetail10,423 SF
Sold 07/16/2025
SOLD
David Shorenstein And Jason Breitstone Acquire Retail Strip Center In East Hampton For $3.925M
476 Montauk Highway
See Similar DealsRetail10,423 SF
Sold 07/16/2025
Summary
NEW YORK
Asset Type:Retail
Price Per Square Foot:$376
Total Square Footage:10,423 SF
Transaction Type:Sale
A retail strip center located at 476 Montauk Highway in East Hampton was recently sold for $3,925,000. The transaction involves a property with a total square footage of 10,423 and a price per square foot of $376.
Summary of transaction details:
- Property Type: Retail
- Transaction Amount: $3,925,000
- Address: 476 Montauk Highway
- Market: East Hampton
- Buyer: David Shorenstein & Jason Breitstone - Hildreth Real Estate Advisors
- Seller: John V. Jackson
- Square Feet: 10,423
- Price Per Square Foot: $376
David Shorenstein and Jason Breitstone represented Hildreth Real Estate Advisors in the acquisition of this commercial property. HREA is actively pursuing additional commercial properties in the Tri-state area and is open to new opportunities.
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Deal Type
30 years
10 years
Operating Income
Operating Expenses (Annual)
Net Operating Income (NOI)
$209,333.33
Debt Service Coverage Ratio (DSCR)
0.94x
Cap Rate
5.33%
Cash Flow (Annual)-$13,944.70
Cash-on-Cash Return-1.27%
Monthly Debt Service$18,606.50
Annual Debt Service$223,278.03
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