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120 Bay Lane, Water Mill, N...

Howard A. Rubin Sells Water Mill SFR For $9.5M With Cutter Koster & Susan Breitenbach - Corcoran
SOLDSingle Family Residence

Howard A. Rubin Sells Water Mill SFR For $9.5M With Cutter Koster & Susan Breitenbach - Corcoran

120 Bay Lane, Water Mill, NY, USA

$9,500,000

$2,714/SF

Building Size

3,500 SF

Asset Type

Single Family Residence

Closing

Aug 5, 2021

AI

Located in Water Mill, the property at 120 Bay Lane has recently been sold for a transaction amount of $9,500,000. This single-family residence (SFR) spans across 3,500 square feet, with a price per square foot of $2,714. The property is zoned as R80, providing a variety of options for its usage.

Summary of transaction details

  • Property Type: Single-Family Residence (SFR)
  • Transaction Amount: $9,500,000
  • Square Footage: 3,500
  • Price per Square Foot: $2,714
  • Address: 120 Bay Lane
  • Market: Water Mill
  • Seller: Howard A. Rubin

Cutter Koster & Susan Breitenbach of Corcoran acted as the brokers for this sale, representing Howard A. Rubin. Their expertise and negotiation skills were instrumental in successfully closing this transaction.

Players

Cutter Koster

The Corcoran Group

Broker

$34.5M

vol

2 deals

Broker

Water Mill 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

1.67%

Cash-on-Cash

-0.48%

Monthly Payment

$14,164

Annual Debt Svc

$169,964

Annual Cash Flow

$-11,334

DSCR

0.93