Updated Oct 29, 2024
Newco Windmill & Newco Windmill 2 Acquire Peter Fine's East Hampton Single Family For $91.5M
26 Windmill Lane, East Hampton, New York 11937, United States
$91,500,000
$18,300,000/SF
Building Size
5 SF
Asset Type
Single Family Residence
Closing
Mar 17, 2023
About this deal
AI
A single-family property located at 26 & 32 Windmill Lane in East Hampton has been sold for a staggering $91,500,000. The property spans over 6.7 acres and offers 5,500 square feet of living space. The sale was completed on March 17, 2023, and the buyer was Newco Windmill & Newco Windmill 2, while the seller was Peter Fine.
Summary of transation details:
- Property Type: Single Family
- Transaction Amount: $91,500,000
- Location: 26 & 32 Windmill Lane, East Hampton
- Market: East Hampton
- Size: 6.7 acres
Peter Fine, the seller of the property, played a significant role in this transaction. However, no additional details about the buyer, Newco Windmill & Newco Windmill 2, were provided.
Players
East Hampton 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
0.17%
Cash-on-Cash
-0.05%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93