James Carney Sells Bridgehampton Single Family Home For $35M With Brokers Erica Grossman & Catherine Juracich
SOLD
$35,000,000
National
See Similar DealsSingle Family5,500 SF
Sold 02/07/2023
SOLD
James Carney Sells Bridgehampton Single Family Home For $35M With Brokers Erica Grossman & Catherine Juracich
Single Family5,500 SF
Sold 02/07/2023
Summary
Asset Type:Single Family
Price Per Square Foot:$6,363
Total Square Footage:5,500 SF
Transaction Type:Sale
A single-family home in Bridgehampton has been sold for $35,000,000. The property spans 5,500 square feet, resulting in a price per square foot of $6,364. The sale was completed on February 7, 2023.
Summary of transaction details:
- Property Type: Single Family
- Transaction Amount: $35,000,000
- Square Footage: 5,500
- Price Per Square Foot: $6,364
The seller of the property was James Carney. The deal was facilitated by two broker representatives. Erica Grossman from Douglas Elliman represented the buyer, while Catherine Juracich from The Corcoran Group represented the seller. The transaction took place in the Bridgehampton market.
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Deal Type
30 years
10 years
Operating Income
Operating Expenses (Annual)
Net Operating Income (NOI)
$1,866,666.67
Debt Service Coverage Ratio (DSCR)
0.94x
Cap Rate
5.33%
Cash Flow (Annual)-$124,347.60
Cash-on-Cash Return-1.27%
Monthly Debt Service$165,917.86
Annual Debt Service$1,991,014.27
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