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
About this deal
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.
On the Map
$4,650,000
$1,328/SF
Retail
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Players
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