Tim Davis Of The Corcoran Group Sells Southampton SFR On Meadow Lane For $70M
840 Meadow Lane, Southampton, NY, USA
$70,000,000
$3,181/SF
Building Size
22,000 SF
Asset Type
Single Family Residence
Closing
Nov 25, 2021
AI
Located in Southampton, this SFR property is situated at 840 Meadow Lane. The property spans over 22,000 square feet and was sold for a price of $70,000,000, resulting in a price per square foot of $3,181. The transaction took place in November 2021, and the sale was facilitated by broker Tim Davis of The Corcoran Group.
Summary of transaction details:
- Property Type: SFR
- Transaction Amount: $70,000,000
- Address: 840 Meadow Lane
- Market: Southampton
- Square Footage: 22,000
- Price per Square Foot: $3,181
Tim Davis, representing The Corcoran Group, played a key role in the successful completion of this sale. The transaction highlights the strong real estate market in Southampton, with this SFR property commanding a significant price in the market. The sale of 840 Meadow Lane reflects the desirability and value of properties in the Southampton area.
Players
Southampton 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
0.23%
Cash-on-Cash
-0.06%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93