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IMAGE: Max Padway, David Shorenstein, Yair Sarraf & Jason Breitstone
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 firstname.lastname@example.org