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3516 Montauk Highway

Iconic Sagaponack Restaurant Sells For $4.65M With Hal Zwick & Jeffrey Sztorc As Brokers
SOLDRetail

Iconic Sagaponack Restaurant Sells For $4.65M With Hal Zwick & Jeffrey Sztorc As Brokers

3516 Montauk Highway

$4,650,000

$1,328/SF

Building Size

3,500 SF

Asset Type

Retail

Closing

Mar 13, 2026

AI

The property asset involved in the transaction is located at 3516 Montauk Highway in Sagaponack. This retail asset spans 3,500 square feet and was sold for $4,650,000, resulting in a price per square foot of $1,328.

Summary of transaction details:

  • Property Type: Retail
  • Transaction Amount: $4,650,000
  • Square Footage: 3,500
  • Price per Square Foot: $1,328
  • Address: 3516 Montauk Highway
  • Market: Sagaponack

The brokers representing the transaction are Hal Zwick and Jeffrey Sztorc from Compass. A notable detail regarding the sale is that it involves an iconic Sagaponack restaurant.

Players

Hal Zwick

Compass

Broker

$152.6M

vol

15 deals

Broker

Sagaponack 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

3.41%

Cash-on-Cash

-0.97%

Monthly Payment

$14,164

Annual Debt Svc

$169,964

Annual Cash Flow

$-11,334

DSCR

0.93