Shaun Riney Acquires Montauk SFR From Deborah Capone In $1.26M Deal

A single-family residential property located at 70 2nd House Rd. in Montauk has been sold. The property was purchased by Shaun Riney from the seller Deborah Capone. The transaction was facilitated by Lindsay Stavola from Saunders & Associates, who represented Shaun Riney as the buyer's representative.

Summary of transation details

• Property Type: SFR
• Transaction Amount: $1,260,000
• Address: 70 2nd House Rd.
• Market: Montauk

The property was originally listed for $1,195,000 but was sold for $1,260,000, resulting in a sale price of $1,260,000. The property spans a total area of 2,220 square feet, with a price per square foot of $567.

Shaun Riney, the buyer, provided a note stating that the property was purchased through a 1031 exchange. The buyer signed the contract within 48 hours of receiving the opportunity to purchase the property, without physically viewing it beforehand. Shaun Riney plans to perform a gut renovation on the property.

Furthermore, Shaun Riney expressed interest in acquiring more homes with lot sizes of at least 0.30 acres in Montauk or Napeague. The buyer mentioned being open to purchasing unlisted properties and will pay the buyer's broker fee. They can be contacted directly at 212-920-6651.