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8 On The Bluffs

Two Contiguous Waterfront Parcels At 8 And 10 On The Bluff Sold For $25.5M
SOLDLand

Two Contiguous Waterfront Parcels At 8 And 10 On The Bluff Sold For $25.5M

8 On The Bluffs

$25,500,000

Building Size

Asset Type

Land

Closing

Jun 6, 2026

AI

The transaction involves two contiguous parcels of land located at 8 and 10 On the Bluff in North Haven, which sold for $25,500,000. The site offers nearly four acres of land with 322 feet of waterfront frontage and presents development potential for a multiresidence family compound.

Summary of transaction details:

This sale has set a new record for a vacant waterfront land sale in North Haven, marking a significant event in the local real estate market. The brokers involved played essential roles in facilitating the transaction, representing the interests of their respective clients throughout the process.

Players

Cody Vichinsky

Bespoke Real Estate

Broker

$483.9M

vol

8 deals

Broker
Douglas Elliman
Douglas EllimanBrokerage

Point Land Market Snapshot

Boundary boundary · Land · Sale transactions

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Purchase Price

Annual NOI

Loan Amount

Interest Rate (%)

Loan Term (yrs)

Down Payment (%)

Cap Rate

0.62%

Cash-on-Cash

-0.18%

Monthly Payment

$14,164

Annual Debt Svc

$169,964

Annual Cash Flow

$-11,334

DSCR

0.93