Jack Cohen Acquires Sag Harbor SFR For $17.25M With Buyer's Rep Adam Hofer, Jonathan R. Stein, Michael Lorber & Alexander Boriskin
SOLD
$17,250,000
+ 2
New York
See Similar DealsSingle Family Residence4,106 SF
Sold 01/15/2022
SOLD
Jack Cohen Acquires Sag Harbor SFR For $17.25M With Buyer's Rep Adam Hofer, Jonathan R. Stein, Michael Lorber & Alexander Boriskin
60 Forest Road, Sag Harbor, New York 11963, United States
See Similar DealsSingle Family Residence4,106 SF
Sold 01/15/2022
+ 2
Summary
NEW YORK
Asset Type:Single Family Residence
Price Per Square Foot:$4,201
Total Square Footage:4,106 SF
Transaction Type:Sale
Located in Sag Harbor, this single-family home on 60 Forest Road has been sold. The property, spanning 4,106 square feet, was sold for a total price of $17,250,000, resulting in a price per square foot of $4,201. The transaction took place on January 15, 2022.
Summary of transaction details:
- Property Type: SFR
- Sale Price: $17,250,000
- Square Footage: 4,106
- Price Per Square Foot: $4,201
- Address: 60 Forest Road, Sag Harbor
The buyer of this property is Jack Cohen, while the seller is Sarah Williams. The deal was facilitated by Douglas Elliman, with Adam Hofer, Jonathan R. Stein, Michael Lorber, and Alexander Boriskin acting as the buyer's representatives.
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Deal Type
30 years
10 years
Operating Income
Operating Expenses (Annual)
Net Operating Income (NOI)
$919,999.99
Debt Service Coverage Ratio (DSCR)
0.94x
Cap Rate
5.33%
Cash Flow (Annual)-$61,285.61
Cash-on-Cash Return-1.27%
Monthly Debt Service$81,773.80
Annual Debt Service$981,285.61
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