Word comes today that in an off-market deal, 11 Bridge Street, Sag Harbor, known as the Dodds & Eder building for its best known tenant, has sold for $10 million.
The building, which comprises about 1,000 square feet of retail/office/mixed use space was rehabbed in 2014 and is in very good condition. (Don’t worry, Dodds & Eder is staying.) The very attractive part of the property is that it includes a private 20 space parking lot, useful in the heart of the village.
What about the price? The West Water Street Shops nearby sold for just over $13 million, but that is a larger piece of property, a larger building, and a 30-space parking lot. (Of course you remember that Bay Street Theater purchased that land.) So $10 million sounds about right to us for value.
11 Bridge St, Sag Harbor, NY 11963
