Updated Dec 19, 2023
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
About this deal
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.
On the Map
$9,500,000
$2,714/SF
Single Family Residence
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Players
Water Mill Single Family Residence Market Snapshot
Boundary boundary · Single Family Residence · Sale transactions
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Deal FAQ
About $2.7K per square foot on a published $9.5M for 3,500 square feet (2021).
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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