Updated Oct 28, 2024
Kean Development Sells Southampton SFR For $34.5M
9 Olde Towne Lane, Southampton, NY, USA
$34,500,000
$2,225/SF
Building Size
15,500 SF
Asset Type
Industrial
Closing
May 10, 2021
About this deal
AI
An SFR located at 9 Olde Towne Lane in Southampton has been sold for $34,500,000. The property has a total square footage of 15,500, resulting in a price per square foot of $2,225. The sale was finalized on 05/11/2021.
Summary of transaction details
- Property Type: SFR
- Transaction Amount: $34,500,000
- Address: 9 Olde Towne Lane
- Market: Southampton
The seller of the property was @Kean_Development, represented by John C. Kean. John C. Kean is associated with the agency of the same name, Kean Development.
Players
Southampton Industrial Market Snapshot
Boundary boundary · Industrial · Sale transactions
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Deal FAQ
About $2.2K per square foot on a published $34.5M for 15,500 square feet (2021).
Browse New York industrial sales on Traded.
Purchase Price
Annual NOI
Loan Amount
Interest Rate (%)
Loan Term (yrs)
Down Payment (%)
Cap Rate
0.46%
Cash-on-Cash
-0.13%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93