Hamptons brokers close $15.6M in East End investment sales 

The Hamptons Commercial Real Estate Team at Compass, led by prolific brokers Hal Zwick and Jeffrey Sztorc, scored a trifecta of East End investment sales last month totaling $15.6 million. 

At 32 Park Place in East Hampton, a 1,600-square-foot, fully occupied multi-tenant retail building on .06 acres was purchased by Levine Investment Partnership for $3.25 million. The sale price equates to a 6.7 percent cap rate. 

Zwick and Sztorc partnered with their Compass colleague James Petrie to represent the buyer, as well as the seller, Carlo M. Grossman Revocable Trust, in the sales transaction. 

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