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840 Meadow Lane, Southampto...

Tim Davis Of The Corcoran Group Sells Southampton SFR On Meadow Lane For $70M
SOLDSingle Family Residence

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

Tim Davis

The Corcoran Group

Broker

$197M

vol

3 deals

Broker

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