Two adjacent retail properties in East Hampton have sold for $6.3 million.
Rose Cheng, a Long Island-based commercial real estate investor, purchased the 1,645-square-foot retail condo at 46 Main St. for $3.3 million along with the 1,341-square-foot retail condo at 48 Main St. for $3 million.
Both properties are occupied by tenants, with a Town and Country Real Estate brokerage office at 46 Main St. and eyeglasses retailer Warby Parker at 48 Main St.
The sale price equates to a 5.7 percent cap rate.
Jordan Sutton, Dan Abbondandolo and Victor Little of Cushman & Wakefield procured the buyer and represented the sellers, Elie and Jeremey Tahari of Tahari Capital, in the sales transaction.
Earlier this year, the Taharis were assisted by the C&W team in selling the two-story, 5,000-square-foot building at 1 Main St. to LVMH, the Paris-based luxury-brand conglomerate, for $22 million.
Seller Jeremey Tahari said he is continuing to aggressively pursue multifamily opportunities in this market. “Please reach out to me directly with any new opportunities,” he said.
David Winzelberg
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