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323 Georgica Road, East Ham...

Lisa Herman Acquires East Hampton SFR From Evan Sopher For $4.2M
SOLDSingle Family Residence

Lisa Herman Acquires East Hampton SFR From Evan Sopher For $4.2M

323 Georgica Road, East Hampton, NY 11937, USA

$4,195,000

$762/SF

Building Size

5,505 SF

Asset Type

Single Family Residence

Closing

Apr 30, 2020

AI

The property involved in this transaction is a single-family home located at 323 Georgica Rd. in East Hampton. The property has a total area of 5,505 square feet. The sale of this property took place on April 30, 2021. The buyer of the property is Lisa Herman, while the seller is Evan Sopher. The sale was facilitated by several brokers, including Adam Hofer, Jared Halpern, Alexander Boriskin, and Michael Lorber from Douglas Elliman.

Summary of transaction details

  • Property Type: Single-Family Home
  • Transaction Amount: $4,195,000
  • Address: 323 Georgica Rd.
  • Market: East Hampton

This transaction marks the successful sale of the property at 323 Georgica Rd. in East Hampton. Lisa Herman acquired the property from Evan Sopher. The deal was arranged with the assistance of brokers Alexander Boriskin, Michael Lorber, Adam Hofer, and Jared Halpern from the Michael Lorber Team at Douglas Elliman.

Players

Michael Lorber

Douglas Elliman

Broker

$262.5M

vol

38 deals

Broker

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

3.78%

Cash-on-Cash

-1.08%

Monthly Payment

$14,164

Annual Debt Svc

$169,964

Annual Cash Flow

$-11,334

DSCR

0.93