3 Madison Street, Sag Harbor, NY, 11963

  • $4000000
3 Madison Street, Sag Harbor, NY 11963, USA
Closed Deal Sold

3 Madison Street, Sag Harbor, NY, 11963

3 Madison Street, Sag Harbor, NY 11963, USA
  • $4000000
The Mixed Use property located in New York that spans 5,832 square feet sold for $4,000,000 or $685.9 PSF. The deal closed 6 months and 28 days ago.

Building Info

  • Units:
  • Property Type: Mixed Use
  • Square Feet: 5832

Location

  • Address 3 Madison Street, Sag Harbor, NY 11963, USA
  • City New York
  • State/county New York
  • Zip/Postal Code 11963
  • Country United States

Description

SALE
IMAGE: Max Padway, David Shorenstein, Yair Sarraf & Jason Breitstone
DATE: 05/07/2021
ADDRESS: 3 Madison Street, Sag Harbor, NY, 11963
MARKET: Sag Harbor, Hamptons
ASSET TYPE: Mixed-use

BUYER: Hildreth Real Estate Advisors (@Hildreth.Advisors) – David Shorenstein (@Shoreshot1), Jason Breitstone (@JaBstone), Max Padway (@Max_Padway) & Yair Sarraf (@Yair_Sarraf, @YMSRealEstate)
SELLER: Maximillan Eicke
BROKERS: Saunders & Associates; Douglas Elliman Real Estate

ASKING PRICE: $5,695,000
SALE PRICE: $4,000,000
SF: 5,832 ~ PPSF: $686

NOTE FROM @Hildreth.Advisors: HREA acquired a vacant building and fully leased it during contract.
Proforma cap rate: 11.4%.
HREA is actively seeking commercial real estate deals – please email opportunities to info@hildrethadvisors.com

Contact

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