Sullivan, Morrissey & Mickle Capital Management Sells Southampton SFR For $57.5M
317 Murray Pl, Southampton, NY 11968, USA
$57,500,000
$4,166/SF
Building Size
13,800 SF
Asset Type
Single Family Residence
Closing
Apr 27, 2020
AI
The recent closed transaction in Southampton involved the sale of a single-family residential property located at 317 Murray Place. The property, spanning 13,800 square feet, was sold by Sullivan, Morrissey & Mickle Capital Management for a price of $57,500,000. This translates to a price per square foot of $4,166.
Summary of transaction details
- Property Type: SFR
- Transaction Amount: $57,500,000
- Address: 317 Murray Place
- Market: Southampton
The deal was facilitated by Cody & Zach Vichinsky from Bespoke.RealEstate, who represented the seller, Sullivan, Morrissey & Mickle Capital Management. Their expertise and industry knowledge contributed to the seamless completion of this significant transaction.
Players
Southampton Single Family Residence Market Snapshot
Boundary boundary · Single Family Residence · Sale transactions
Loading comparables…
Purchase Price
Annual NOI
Loan Amount
Interest Rate (%)
Loan Term (yrs)
Down Payment (%)
Cap Rate
0.28%
Cash-on-Cash
-0.08%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93