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14 Maple Street

Eklund Gomes Team Acquires Montauk SFR For Record-Breaking $14M Sale
SOLDSingle Family Residence

Eklund Gomes Team Acquires Montauk SFR For Record-Breaking $14M Sale

14 Maple Street

$14,000,000

$1,605/SF

Building Size

8,721 SF

Asset Type

Single Family Residence

Closing

Nov 15, 2022

AI

A non-waterfront single-family residence located at 14 Maple Street in Montauk has been sold for a record-breaking price of $14,000,000. The property spans across 8,721 square feet, resulting in a price per square foot of $1,605.

Summary of transation details

  • Property Type: SFR
  • Transaction Amount: $14,000,000
  • Address: 14 Maple Street, Montauk
  • Market: Montauk

The sale was facilitated by the Eklund Gomes Team at Douglas Elliman, represented by Kyle Rosko, Marcy Braun, Fredrick Eklund, John Gomes, and Neal Sroka. This collaborative effort by the team led to the successful completion of the sale. Kyle Rosko, a member of the Eklund Gomes Team, expressed his pride in achieving a record-breaking sale for a non-waterfront property in Montauk.

Players

Fredrik Eklund

Douglas Elliman

Broker

$771.5M

vol

27 deals

Broker

Montauk 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

1.13%

Cash-on-Cash

-0.32%

Monthly Payment

$14,164

Annual Debt Svc

$169,964

Annual Cash Flow

$-11,334

DSCR

0.93