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Newco Windmill & Newco Windmill 2 Acquire Peter Fine's East Hampton Single Family For $91.5M

Property Image
SOLD
$91,500,000

New York

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Single Family Residence5 SF
Sold 03/17/2023
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Property Image
SOLD

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

See Similar Deals
Single Family Residence5 SF
Sold 03/17/2023
Contact now

Summary

NEW YORK
Asset Type:Single Family Residence
Price Per Square Foot:$18,300,000
Total Square Footage:5 SF
Transaction Type:Sale

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

20 deals$477.2M volume
SELLER

Details

SOLD
IMAGE: Peter Fine DATE: 03/17/2023 ADDRESS: 26 & 32 Windmill Lane MARKET: East Hampton ASSET TYPE: Single Family ~ ACRES: 6.7 BUYER: Newco Windmill & Newco Windmill 2 SELLER: Peter Fine SALE PRICE: $91,500,000 SF: 5,500 ~ PPSF: $16,636

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

$4,879,999.99

Debt Service Coverage Ratio (DSCR)

0.94x

Cap Rate

5.33%

Cash Flow (Annual)-$325,080.18
Cash-on-Cash Return-1.27%
Monthly Debt Service$433,756.68
Annual Debt Service$5,205,080.17