Iconic Sagaponack Restaurant Sells For $4.65M With Hal Zwick & Jeffrey Sztorc As Brokers
SOLD
$4,650,000
New York
See Similar DealsRetail3,500 SF
Sold 03/13/2026
SOLD
Iconic Sagaponack Restaurant Sells For $4.65M With Hal Zwick & Jeffrey Sztorc As Brokers
3516 Montauk Highway
See Similar DealsRetail3,500 SF
Sold 03/13/2026
Summary
NEW YORK
Asset Type:Retail
Price Per Square Foot:$1,328
Total Square Footage:3,500 SF
Transaction Type:Sale
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.
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Deal Type
30 years
10 years
Operating Income
Operating Expenses (Annual)
Net Operating Income (NOI)
$247,999.99
Debt Service Coverage Ratio (DSCR)
0.94x
Cap Rate
5.33%
Cash Flow (Annual)-$16,520.47
Cash-on-Cash Return-1.27%
Monthly Debt Service$22,043.37
Annual Debt Service$264,520.47
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