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Chris Lottito Acquires Wainscott SFR For $6.75M

Property Image
SOLD
$6,750,000
Marcy Braun
Kyle Rosko
Hara Kang

New York

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Single Family Residence8,000 SF
Sold 12/30/2020
the dealplayerscompscontact
Property Image
SOLD

Chris Lottito Acquires Wainscott SFR For $6.75M

2 Oakwood Court, Wainscott, NY, USA

See Similar Deals
Single Family Residence8,000 SF
Sold 12/30/2020
Marcy Braun
Kyle Rosko
Hara Kang
the dealplayerscompscontact
Contact now

Summary

NEW YORK
Asset Type:Single Family Residence
Price Per Square Foot:$843
Total Square Footage:8,000 SF
Transaction Type:Sale

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
Hara Kang
2 deals$27.3M volume
BROKER
Kyle Rosko
Douglas Elliman
Kyle Rosko
6 deals$86.3M volume
BROKER
Marcy Braun
Douglas Elliman
Marcy Braun
6 deals$86.3M volume
BROKER

Details

SOLD
IMAGE: Kyle Rosko, Marcy Braun & Hara Kang DATE: 12/30/2020 ADDRESS: 2 Oakwood Court MARKET: Wainscott ASSET TYPE: SFR BUYER: Chris Lottito SELLER: Curtis Polk BROKERS: Kyle Rosko, Marcy Braun & Hara Kang - Douglas Elliman ASKING PRICE: $6,895,000 SALE PRICE: $6,750,000 SF: 8,000 ~ PPSF: $843

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Deal Type
Operating Income
Operating Expenses (Annual)
Net Operating Income (NOI)

$360,000.00

Debt Service Coverage Ratio (DSCR)

0.94x

Cap Rate

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Cash Flow (Annual)-$23,981.32
Cash-on-Cash Return-1.27%
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