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Peter Morton Acquires East Hampton Single Family For $35M - Macklowe's Reps, Rosko & Braun

Property Image
SOLD
$35,000,000
Marcy Braun
Kyle Rosko
PM

New York

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Single Family Residence6 SF
Sold 01/26/2023
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Property Image
SOLD

Peter Morton Acquires East Hampton Single Family For $35M - Macklowe's Reps, Rosko & Braun

51 West End Road, East Hampton, New York 11937, United States

See Similar Deals
Single Family Residence6 SF
Sold 01/26/2023
Marcy Braun
Kyle Rosko
PM
the dealplayerscompscontact
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Summary

NEW YORK
Asset Type:Single Family Residence
Price Per Square Foot:$5,833,333
Total Square Footage:6 SF
Transaction Type:Sale

A single-family property located at 51 West End Rd in East Hampton has been sold for a total of $35,000,000. The property spans 6,100 square feet, resulting in a price per square foot of $5,738.

Summary of transation details

  • Property Type: Single Family
  • Transaction Amount: $35,000,000
  • Address: 51 West End Rd, East Hampton
  • Market: East Hampton

Peter Morton has purchased the property from Lloyd and Barbara Macklowe. The transaction was facilitated by Kyle Rosko and Marcy Braun from Douglas Elliman.

Players

Kyle Rosko
Douglas Elliman
Kyle Rosko
6 deals$86.3M volume
BROKER
Marcy Braun
Douglas Elliman
Marcy Braun
6 deals$86.3M volume
BROKER
PM
Peter Morton
2 deals$145M volume
BUYER

Details

SOLD
IMAGE: Kyle Rosko, Marcy Braun, Peter Morton, Barbara Macklowe & Lloyd Macklowe DATE: 01/26/2023 ADDRESS: 51 West End Rd MARKET: East Hampton ASSET TYPE: Single Family BUYER: Peter Morton SELLER: Lloyd & Barbara Macklowe BROKERS: Kyle Rosko (@NYCSilverSurfer) & Marcy Braun (@ChallahBackGirl) - Douglas Elliman (@DouglasElliman) SALE PRICE: $35,000,000 SF: 6,100 ~ PPSF: $5,738

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Net Operating Income (NOI)

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Debt Service Coverage Ratio (DSCR)

0.94x

Cap Rate

5.33%

Cash Flow (Annual)-$124,347.60
Cash-on-Cash Return-1.27%
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