Updated Mar 3, 2025
Shaun Riney Acquires SFR In Montauk From Tocco Family For $2.75M
31 Kettle Hole Road, Montauk, New York 11954, United States
$2,750,000
$916/SF
Building Size
3,000 SF
Asset Type
Single Family Residence
Closing
May 18, 2022
About this deal
AI
The sale of a single-family home at 31 Kettle Hole Rd in Montauk has been completed. The property, covering an area of 1.0 acre, was sold for a total of $2,750,000. The house has a total area of 3,000 square feet, resulting in a price per square foot of $916. This transaction took place on 05/19/2022.
Summary of transaction details
- Property Type: Single-Family Home
- Transaction Amount: $2,750,000
- Address: 31 Kettle Hole Rd, Montauk
- Market: Montauk
- Lot Size: 1.0 acre
The buyer of this property is Shaun Riney, while the seller is the Tocco Family. Shaun Riney has expressed their intention to acquire more homes in Montauk or Napeague with lot sizes of at least 0.35 acres. They can be contacted directly at 212-920-6651 and are willing to pay the buyer's broker fee for unlisted properties.
Players
Montauk Single Family Residence Market Snapshot
Boundary boundary · Single Family Residence · Sale transactions
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Deal FAQ
About $916 per square foot on a published $2.8M for 3,000 square feet (2022).
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Purchase Price
Annual NOI
Loan Amount
Interest Rate (%)
Loan Term (yrs)
Down Payment (%)
Cap Rate
5.77%
Cash-on-Cash
-1.65%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93