On the heels of a record-breaking year in commercial real estate in the Hamptons, the preeminent team when it comes to East End investment properties is looking ahead to a robust 2023.

Hal Zwick and Jeff Sztorc, the commercial real estate duo at Compass Commercial, have a number of prime properties available and a handful of off-market opportunities. They have just announced one of the most talked about properties has come to market — the Sag Harbor property owned by the Friends of Bay Street, which scrapped plans to relocate the theater there. The asking price: $25 million.

The 0.67-acre property boasts a 15,000-square-foot building, formerly home to 7-Eleven and a host of other businesses and it overlooks Sag Harbor Cove and John Steinbeck Waterfront Park.

“We have been approached constantly by interested parties as it’s the only downtown waterfront retail availability on the South Fork,” said Zwick. “This prime waterfront spot has always been one of the most intriguing and discussed in all of the Hamptons.”

View the article on BehindTheHedges.com.