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2 Oakwood Court, Wainscott,...

Chris Lottito Acquires Wainscott SFR For $6.75M
SOLDSingle Family Residence

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

Hara Kang

Douglas Elliman

Broker

$27.3M

vol

2 deals

Broker

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