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148 South Emerson Avenue, M...

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

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

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

$9,250,000

$2,312,500/SF

Building Size

4 SF

Asset Type

Single Family Residence

Closing

Jul 12, 2022

AI

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

Compass

Broker

$36.5M

vol

3 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

1.71%

Cash-on-Cash

-0.49%

Monthly Payment

$14,164

Annual Debt Svc

$169,964

Annual Cash Flow

$-11,334

DSCR

0.93