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3221 Grand Prix Farms Road

Somerset South Stables Acquires Alison Firestone Robitaille's Wellington Equestrian Estate For $10.9M
SOLDSingle Family

Somerset South Stables Acquires Alison Firestone Robitaille's Wellington Equestrian Estate For $10.9M

3221 Grand Prix Farms Road

$10,900,000

Building Size

Asset Type

Single Family

Closing

Nov 1, 2023

AI

Alison Firestone Robitaille, heiress to Johnson & Johnson, sold her Wellington equestrian estate located at 3221 Grand Prix Farms Road for $10.9 million to Somerset South Stables LLC. The transaction took place on 11/01/2023. The 8-acre single-family property was originally purchased in 1999 for $1.3 million. The estate boasts a 21-stall barn, Grand Prix ring, and various other amenities.

Summary of transaction details:

  • Property Type: Single Family
  • Transaction Amount: $10,900,000
  • Address: 3221 Grand Prix Farms Road
  • Market: Wellington

The buyer, Somerset South Stables LLC, was represented by Paul Broder, a vice president at Renaissance Technologies. The seller's representative was Maria Mendelsohn from Douglas Elliman. Additionally, Paul Butterworth from Equestrian Sotheby's International Realty Inc acted as the buyer's representative in the deal.

Players

Maria Mendelsohn

Douglas Elliman

Broker

$112.2M

vol

6 deals

Broker

Wellington Single Family Market Snapshot

Boundary boundary · Single Family · Sale transactions

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Purchase Price

Annual NOI

Loan Amount

Interest Rate (%)

Loan Term (yrs)

Down Payment (%)

Cap Rate

1.46%

Cash-on-Cash

-0.42%

Monthly Payment

$14,164

Annual Debt Svc

$169,964

Annual Cash Flow

$-11,334

DSCR

0.93