Chris Lottito Acquires Wainscott SFR For $6.75M
2 Oakwood Court, Wainscott, NY, USA
$6,750,000
$843/SF
Building Size
8,000 SF
Asset Type
Single Family Residence
Closing
Dec 29, 2020
AI
Located in Wainscott, the single-family residence at 2 Oakwood Court has recently changed hands in a sale transaction. The property, spanning 8,000 square feet, offers ample space for comfortable living. The transaction took place on 12/30/2020, with an asking price of $6,895,000. The property was sold for $6,750,000, resulting in a price per square foot of $843.
Summary of transaction details
- Property Type: SFR
- Transaction Amount: $6,750,000
- Address: 2 Oakwood Court
- Market: Wainscott
Representing the buyer Chris Lottito and the seller Curtis Polk, the sale was facilitated by brokers Kyle Rosko, Marcy Braun, and Hara Kang from Douglas Elliman. Their expertise in the real estate market contributed to the successful completion of the transaction.
Players
Wainscott 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
2.35%
Cash-on-Cash
-0.67%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93