Jay Bialsky Sells Waterfront Townhome At 2 West Water Street In Sag Harbor For $12.2M
2 West Water Street
Building Size
11,723 SF
Asset Type
Condo
Closing
Oct 13, 2026
About this deal
AI
A waterfront townhome at 2 West Water Street in Sag Harbor has been sold for $12.2 million. The property encompasses 11,723 square feet and is situated within a three-residence development completed by Jay Bialsky of J. Bialsky Premiere Design and Development in 2023.
Summary of transaction details:
- Property Type: Condo
- Transaction Amount: $12.2 million
- Address: 2 West Water Street
- Market: Sag Harbor
- Seller: Jay Bialsky
- Brokers: Nicole Tunick & Zachary Tunick - Douglas Elliman
This transaction marks the second-highest sale in the development. Nicole Tunick and Zachary Tunick represented the buyer in this deal, facilitating the successful transaction in the Sag Harbor market.
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Purchase Price
Annual NOI
Loan Amount
Interest Rate (%)
Loan Term (yrs)
Down Payment (%)
Cap Rate
5.80%
Cash-on-Cash
-1.66%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93