David Shorenstein And Jason Breitstone Acquire Retail Strip Center In East Hampton For $3.925M
476 Montauk Highway
$3,925,000
$376/SF
Building Size
10,423 SF
Asset Type
Retail
Closing
Jul 15, 2025
AI
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.
Players
Amagansett Retail Market Snapshot
Boundary boundary · Retail · Sale transactions
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Purchase Price
Annual NOI
Loan Amount
Interest Rate (%)
Loan Term (yrs)
Down Payment (%)
Cap Rate
4.04%
Cash-on-Cash
-1.16%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93