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:
- Property Type: Land
- Transaction Amount: $25,500,000
- Address: 8 & 10 On the Bluff
- Market: North Haven
- Brokers: Stephen Kane, Martha Gundersen & Paul Brennan - Douglas Elliman; Cody Vichinsky - Bespoke Real Estate
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
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