The 23 Priciest East End Commercial Real Estate Sales of 2023

8 Midhampton Avenue, Quogue | $15 million

A 20-acre, light industrial site, partially built out with a 25,000-square-foot building, was sold on May 16, 2023. Hal Zwick and Jeff Sztorc of the Hamptons Commercial Real Estate Team at Compass represented both sides of the deal. The property description before it traded boasted its “unlimited development possibilities.”

352 West Lake Drive, Montauk | $14 million

Hal Zwick and Jeff Sztorc of the Hamptons Commercial Real Estate Team at Compass brokered the deal. According to a statement on TradedNY, the firm was represented by David Shorenstein, Jason Breitstone, Yair Sarraf and Michael Sztorc. The seller was Chris Miller.

760 Montauk Highway, Water Mill | $13.1 million

The Mill shopping center, which offers 30,000 square feet of space, traded in April. Vault Development Partners, a boutique real estate investment company with other investments in East Hampton, purchased the highway property with six buildings. Hal Zwick and Jeff Sztorc of the Hamptons Commercial Real Estate Team at Compass and Lee Minetree of Saunders & Associates had the co-exclusive listing, while Zwick and Sztorc also represented the buyers in the deal.

 342 Montauk Highway, Wainscott | $5.25 million

Known as Home Sweet Home Moving & Storage Co., the industrial warehouse building traded in November. Hal Zwick and Jeff Sztorc, now with Hamptons Commercial Real Estate Team at Compass,  represented both sides of the transaction when they were independent contractors at Town & Country Real Estate several years ago. The deal took a while to close due to zoning contingencies. The 30,000-square-foot building with a 3,723-square-foot covered dock is available for short-term lease, we’re told. The 0.62-acre property last sold in 1994 for $1.55 million, records show.

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