Updated Oct 28, 2024
Dave Portnoy Acquires Montauk SFR For $9.75M With Reps Matt Breitenbach & Greg Gould
Montauk, New York, United States
$9,750,000
Building Size
—
Asset Type
Single Family Residence
Closing
Feb 1, 2022
About this deal
AI
Dave Portnoy, founder of Barstool Sports, has purchased a single-family residence (SFR) in Montauk. The property, which was sold in January 2022, has been acquired for a price of $9,750,000. The transaction was facilitated by brokers Matt Breitenbach and Greg Gould of Compass.
Summary of transaction details:
- Property Type: SFR
- Transaction Amount: $9,750,000
- Buyer: Dave Portnoy - Barstool Sports
- Brokers: Matt Breitenbach & Greg Gould - Compass
- Market: Montauk
- Date: January 2022
Dave Portnoy, the buyer in this transaction, is the founder of Barstool Sports. The purchase was facilitated by brokers Matt Breitenbach and Greg Gould from the real estate agency Compass. The acquisition of this SFR property marks an investment by Portnoy in the Montauk real estate market.
On the Map
$9,750,000
Single Family Residence
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Players
Montauk 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
1.63%
Cash-on-Cash
-0.46%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93