Updated Oct 29, 2024
Sarner Acquires SFR In Sag Harbor Village For $6.25M
369 Madison Street
$6,250,000
$961/SF
Building Size
6,500 SF
Asset Type
MultiFamily
Closing
Jun 16, 2022
About this deal
AI
A single-family home located at 369 Madison Street in Sag Harbor Village has been sold for $6,250,000. The property spans across 6,500 square feet, translating to a price per square foot of $962. The transaction was completed between the buyer, Sarner, and the seller, .
Summary of transaction details
- Property Type: SFR
- Transaction Amount: $6,250,000
- SF: 6,500
- PPSF: $962
- Address: 369 Madison Street
- Market: Sag Harbor Village
Alexandra Toscano, Meka Brown, and Thomas Cavallo from Douglas Elliman served as the brokers for this deal, representing both the buyer and the seller. Their expertise and negotiation skills were instrumental in successfully closing the transaction.
Players
New York MultiFamily Market Snapshot
Boundary boundary · MultiFamily · Sale transactions
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Purchase Price
Annual NOI
Loan Amount
Interest Rate (%)
Loan Term (yrs)
Down Payment (%)
Cap Rate
2.54%
Cash-on-Cash
-0.73%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93