Updated Dec 19, 2023
Adam Lindemann Sells Montauk SFR For $12.5M At $1,666 PPSF
406 Old Montauk Hwy, Montauk, NY, USA
$12,500,000
$1,666/SF
Building Size
7,500 SF
Asset Type
Single Family Residence
Closing
Apr 15, 2021
About this deal
AI
The property involved in the transaction is a Single Family Residential (SFR) located at 406 Old Montauk Hwy in Montauk. It has a total area of 7,500 square feet and is zoned as A10. The property was sold by Adam Lindemann.
Summary of transaction details
- Property Type: Single Family Residential (SFR)
- Transaction Amount: $12,500,000
- Address: 406 Old Montauk Hwy
- Market: Montauk
- Zoning: A10
- Square Footage: 7,500
- Seller: Adam Lindemann
The sale price for this property was $12,500,000, with a price per square foot of $1,666.
Players
Montauk Single Family Residence Market Snapshot
Boundary boundary · Single Family Residence · Sale transactions
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Deal FAQ
About $1.7K per square foot on a published $12.5M for 7,500 square feet (2021).
Browse New York single family residence sales on Traded.
Purchase Price
Annual NOI
Loan Amount
Interest Rate (%)
Loan Term (yrs)
Down Payment (%)
Cap Rate
1.27%
Cash-on-Cash
-0.36%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93