facebook
Traded Co logo
Submit

7G Realty Acquires Montauk Single Family Home For $9.25M

Property Image
SOLD
$9,250,000

New York

See Similar Deals
Single Family Residence4 SF
Sold 07/12/2022
the dealplayerscompscontact
Property Image
SOLD

7G Realty Acquires Montauk Single Family Home For $9.25M

148 South Emerson Avenue, Montauk, New York 11954, United States

See Similar Deals
Single Family Residence4 SF
Sold 07/12/2022
Contact now

Summary

NEW YORK
Asset Type:Single Family Residence
Price Per Square Foot:$2,312,500
Total Square Footage:4 SF
Transaction Type:Sale

An impressive single-family home located at 148 S Emerson Avenue in Montauk has recently been sold for a remarkable price of $9,250,000. This stunning property, spanning across 4,350 square feet, was purchased by 7G Realty in a closed transaction. The sale price equates to a price per square foot of $2,126, showcasing the desirability of this Montauk residence.

Summary of transaction details:

  • Property Type: Single Family
  • Transaction Amount: $9,250,000
  • Market: Montauk
  • Address: 148 S Emerson Avenue

Chris Coleman from Compass represented the buyer, 7G Realty, in this successful sale. Coleman's expertise and guidance played a crucial role in ensuring a smooth transaction for all parties involved.

This transaction highlights the strong demand for luxury properties in Montauk and showcases the trust placed in Chris Coleman as a reputable broker. The involvement of 7G Realty further solidifies their presence in the real estate market. With their exceptional knowledge and expertise, Coleman and 7G Realty continue to make significant contributions to the industry.

Players

Chris Coleman
3 deals$36.5M volume
BROKER

Details

SOLD
IMAGE: Chris Coleman DATE: 12/07/2022 ADDRESS: 148 S Emerson Avenue MARKET: Montauk ASSET TYPE: Single Family BUYER: 7G Realty BROKER: Chris Coleman - Compass (@Compass) (@CompassNY) SALE PRICE: $9,250,000 SF: 4,350 ~ PPSF: $2,126

Stay in the Know

Subscribe for insider commercial real estate news, deal highlights, and market insights—delivered straight to your inbox.

By subscribing, you agree to our Terms of Service and Privacy Policy.

Similar Deals

Contact

Get in touch with the broker you want

Suggestions
CRE CalculatorAnalyze deals based on income, expenses, and financing. We automatically filled the calculator with data from the deal you are viewing, fill free to modify it to see how it affects the results.
Deal Type
Operating Income
Operating Expenses (Annual)
Net Operating Income (NOI)

$493,333.32

Debt Service Coverage Ratio (DSCR)

0.94x

Cap Rate

5.33%

Cash Flow (Annual)-$32,863.31
Cash-on-Cash Return-1.27%
Monthly Debt Service$43,849.72
Annual Debt Service$526,196.63