Updated Sep 5, 2024
Compass Brokers Sell Oyster Bay Cove SFR For $2.8M
16 Forest Court, Oyster Bay Cove, NY 11791
$2,775,000
$469/SF
Building Size
5,914 SF
Asset Type
Single Family Residence
Closing
May 23, 2023
About this deal
AI
16 Forest Court, located in Oyster Bay Cove, was recently sold in a closed property transaction. This stunning single-family home, known as the Original Tall Oaks restored mansion, dates back to the late 1800s. Situated on over 2 acres of land, the property offers a sports court, pool, and pool house for outdoor enjoyment. With a total area of 5,914 square feet, the home provides ample space for comfortable living. The sale price for this exquisite property was $2,775,000, equating to a price per square foot of $469.
Summary of transaction details
- Property Type: Single-Family Home
- Transaction Amount: $2,775,000
- Address: 16 Forest Court
- Market: Oyster Bay Cove
The transaction for this remarkable property was facilitated by Nicholas Colombos and Angela Dooley of Compass. As experienced brokers, Nicholas Colombos and Angela Dooley were instrumental in representing the buyer and seller in this deal, ensuring a smooth and successful transaction. Their expertise and professionalism contributed to the successful sale of the Original Tall Oaks restored mansion.
It is worth noting that this property's rich history and impressive features, including the sports court, pool, and pool house, contribute to its exceptional value. The large lot size, spanning over 2 acres, provides privacy and a serene environment for homeowners to enjoy. The Original Tall Oaks restored mansion offers a unique opportunity to own a historic and luxurious property in Oyster Bay Cove.
Players
New York Single Family Residence Market Snapshot
Boundary boundary · Single Family Residence · Sale transactions
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Deal FAQ
About $469 per square foot on a published $2.8M for 5,914 square feet (2023).
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Purchase Price
Annual NOI
Loan Amount
Interest Rate (%)
Loan Term (yrs)
Down Payment (%)
Cap Rate
5.72%
Cash-on-Cash
-1.63%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93