John Smith Acquires SFR In Southampton For $15 Million With Buyer's Rep Adam Hofer, Michael Lorber & Alexander Boriskin - Douglas Elliman
160 Jule Pond Drive
$15,000,000
$1,875/SF
Building Size
8,000 SF
Asset Type
Single Family Residence
Closing
Nov 16, 2022
AI
A single-family residential property located at 160 Jule Pond Drive in Southampton has been sold.
The property spans 8,000 square feet and was sold for a price of $15,000,000, resulting in a price per square foot of $1,875.
The transaction took place on November 16, 2022.
Summary of transaction details
- Property Type: SFR
- Transaction Amount: $15,000,000
- Market: Southampton
- Address: 160 Jule Pond Drive
- Buyer: John Smith
- Seller: Sarah Jones
- Buyer's Representative: Adam Hofer, Michael Lorber, & Alexander Boriskin - Douglas Elliman
- Seller's Representative: Dawn Petrillo & Pat Petrillo - Sotheby's International Realty
The buyer, John Smith, was represented by Adam Hofer, Michael Lorber, and Alexander Boriskin from Douglas Elliman, while the seller, Sarah Jones, was represented by Dawn Petrillo and Pat Petrillo from Sotheby's International Realty.
Players
Southampton 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
1.06%
Cash-on-Cash
-0.30%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93