Douglas Elliman Brokers Sell Sagaponack SFR For $20.5M
25 Potato Rd, Sagaponack, NY 11962, USA
$20,500,000
$4,220/SF
Building Size
4,857 SF
Asset Type
Single Family Residence
Closing
Aug 31, 2020
AI
A single-family residential property located at 25 Potato Road in Sagaponack has been sold. The property, situated on a lot measuring 1.03 acres, was listed for sale with an asking price of $24,995,000. After negotiations, the property was sold for $20,500,000. The total square footage of the property is 4,857 with a price per square foot of $4,220.
Summary of transaction details:
- Property Type: SFR
- Transaction Amount: $20,500,000
- Address: 25 Potato Road
- Market: Sagaponack
- Lot Size: 1.03 Acres
The sale of 25 Potato Road was facilitated by Douglas Elliman. The broker team involved in the transaction includes Erica Grossman, Michael Lorber, Hara Kang, James Keogh, and Justin Agnello. They represented the buyer and seller, ensuring a successful sale of the property.
Players
Sagaponack 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
0.77%
Cash-on-Cash
-0.22%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93