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25 Potato Rd, Sagaponack, N...

Douglas Elliman Brokers Sell Sagaponack SFR For $20.5M
SOLDSingle Family Residence

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

Erica Grossman

Douglas Elliman

Broker

$162.5M

vol

4 deals

Broker

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