Updated Dec 21, 2023
Chris Burch Acquires Water Mill SFR For $29M
258 Horsemill Lane, Water Mill, NY, USA
$29,000,000
$2,416/SF
Building Size
12,000 SF
Asset Type
Single Family Residence
Closing
Jun 29, 2021
About this deal
AI
The property involved in this sale transaction is a single-family residential (SFR) located at 258 Horsemill Lane in the Water Mill market. The property spans approximately 12,000 square feet and was sold for a price of $29,000,000, resulting in a price per square foot of $2,416.
Summary of transaction details
- Property Type: SFR
- Transaction Amount: $29,000,000
- Address: 258 Horsemill Lane
- Market: Water Mill
- Buyer: Chris Burch & Tory Burch
Chris Burch and Tory Burch were the buyers in this transaction. They acquired the property at 258 Horsemill Lane for a total amount of $29,000,000. This deal represents their interest in expanding their real estate portfolio and aligns with their investment strategy.
Players
Watermill Single Family Residence Market Snapshot
Boundary boundary · Single Family Residence · Sale transactions
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Deal FAQ
About $2.4K per square foot on a published $29M for 12,000 square feet (2021).
Browse Watermill single family residence sales on Traded.
Purchase Price
Annual NOI
Loan Amount
Interest Rate (%)
Loan Term (yrs)
Down Payment (%)
Cap Rate
0.55%
Cash-on-Cash
-0.16%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93