Corcoran Group Sells Southampton SFR On Meadow Lane For $48M
1116 Meadow Lane, Southampton, New York 11968, United States
$48,000,000
$4,000/SF
Building Size
12,000 SF
Asset Type
Single Family Residence
Closing
Aug 17, 2022
AI
A single-family residence located at 1116 Meadow Lane in Southampton has been sold for a total of $48,000,000. The property, measuring approximately 12,000 square feet, achieved a price per square foot of $4,000. The transaction took place on August 18, 2022.
Summary of transaction details
- Property Type: SFR
- Transaction Amount: $48,000,000
- Address: 1116 Meadow Lane
- Market: Southampton
- Broker: Tim Davis - The Corcoran Group
Tim Davis, representing The Corcoran Group, played a key role as the broker in this sale. No additional information is available regarding the transaction.
Players
Southampton Single Family Residence Market Snapshot
Boundary boundary · Single Family Residence · Sale transactions
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Purchase Price
Annual NOI
Loan Amount
Interest Rate (%)
Loan Term (yrs)
Down Payment (%)
Cap Rate
0.33%
Cash-on-Cash
-0.09%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93