Three Sales Close Within Village Business Districts

Three sales within East Hampton’s and Sag Harbor’s business districts closed last month, according to the Hamptons commercial real estate team at Compass, led by Hal Zwick and Jeffrey Sztorc.

“Each transaction required collaboration, creativity and market expertise to align the right buyers and sellers,” Sztorc said. “We are proud to have guided all parties to successful outcomes.”

The first — the $5.9 million sale of 117 Main Street in Sag Harbor — is a mixed-use property that includes multiple retail tenants and upper-level residential apartments. Zwick and Sztorc represented the seller, while Barry McGovern of Hedgerow brought the buyer.

A fully leased, single-story, multi-tenant retail building positioned in the heart of East Hampton’s shopping district — 32 Park Place in East Hampton Village — sold for $3.25 million and, a quarter mile away, 36 Newtown Lane sold for $6.45 million. Known as the Sam’s Restaurant building, this site includes the longtime restaurant, retailer The Little East, and two apartments, all of which will stay put.

In the first East Hampton Village transaction, Zwick and Sztorc partnered with James Petrie of Compass to represent both the seller and the buyer, and in the second, the Compass team represented both.

“These three closings demonstrate the depth of demand for high-quality, income-producing commercial properties across the Hamptons,” Zwick said. “Whether it’s iconic restaurant properties, fully stabilized retail, or mixed-use opportunities, investors continue to see long-term value in the East End.”