facebook
Traded Co logo
Submit

Irving Shafran Sells Bridgehampton SFR For $45M With Christopher Covert As The Broker

Property Image
SOLD
$45,000,000

New York

See Similar Deals
Single Family Residence7,500 SF
Sold 08/03/2022
the dealplayerscompscontact
Property Image
SOLD

Irving Shafran Sells Bridgehampton SFR For $45M With Christopher Covert As The Broker

Bridgehampton, New York, United States

See Similar Deals
Single Family Residence7,500 SF
Sold 08/03/2022
the dealplayerscompscontact
Contact now

Summary

NEW YORK
Asset Type:Single Family Residence
Price Per Square Foot:$6,000
Total Square Footage:7,500 SF
Transaction Type:Sale

Located in the market of Bridgehampton, this single-family residence (SFR) recently sold in a closed transaction. The property, spanning over 7,500 square feet, was sold by Irving Shafran. The sale was facilitated by Christopher Covert of Compass and Hedgerow Exclusive Properties. The transaction took place on August 3, 2022, with the property selling for an impressive $45,000,000, resulting in a price per square foot of $6,000.

Summary of transaction details

  • Property Type: SFR
  • Transaction Amount: $45,000,000
  • Market: Bridgehampton
  • Broker: Christopher Covert - Compass & Hedgerow Exclusive Properties
  • Date: 08/03/2022

Please note that no additional information was provided regarding the unique characteristics or address of the property. However, the impressive sale price and price per square foot demonstrate the desirability and value of this Bridgehampton residence.

Players

Christopher Covert
Compass
Christopher Covert
2 deals$117M volume
BROKER

Details

SOLD
IMAGE: Christopher Covert DATE: 08/03/2022 MARKET: Bridgehampton ASSET TYPE: SFR SELLER: Irving Shafran BROKERS: Christopher Covert - Compass & Hedgerow Exclusive Properties SALE PRICE: $45,000,000 SF: 7,500 ~ PPSF: $6,000

Stay in the Know

Subscribe for insider commercial real estate news, deal highlights, and market insights—delivered straight to your inbox.

By subscribing, you agree to our Terms of Service and Privacy Policy.

Similar Deals

Contact

Get in touch with the broker you want

Suggestions
CRE CalculatorAnalyze deals based on income, expenses, and financing. We automatically filled the calculator with data from the deal you are viewing, fill free to modify it to see how it affects the results.
Deal Type
Operating Income
Operating Expenses (Annual)
Net Operating Income (NOI)

$2,400,000.00

Debt Service Coverage Ratio (DSCR)

0.94x

Cap Rate

5.33%

Cash Flow (Annual)-$159,875.50
Cash-on-Cash Return-1.27%
Monthly Debt Service$213,322.96
Annual Debt Service$2,559,875.50