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Old Montauk Highway SFR Sold For $9.75M By Matt Breitenbach & Greg Gould - Montauk Realtors

Property Image
SOLD
$9,750,000

New York

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Single Family Residence5,700 SF
Sold 01/14/2021
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Property Image
SOLD

Old Montauk Highway SFR Sold For $9.75M By Matt Breitenbach & Greg Gould - Montauk Realtors

Old Montauk Highway, Montauk, NY, USA

See Similar Deals
Single Family Residence5,700 SF
Sold 01/14/2021
Contact now

Summary

NEW YORK
Asset Type:Single Family Residence
Price Per Square Foot:$1,710
Total Square Footage:5,700 SF
Transaction Type:Sale

An SFR located on Old Montauk Highway in Montauk, Hamptons was recently sold. The property was sold on 01/14/2021 for a price of $9,750,000. The property has a size of 5,700 square feet, resulting in a price per square foot of $1,710.

Summary of transaction details

  • Property Type: SFR
  • Transaction Amount: $9,750,000
  • Address: Old Montauk Highway
  • Market: Montauk, Hamptons

The sale of this property was facilitated by brokers Matt Breitenbach and Greg Gould from Breitenbach Advisory at Compass.

For more information about this transaction, please refer to the Instagram post shared by Matt Breitenbach & Greg Gould.

Players

Matt Breitenbach
2 deals$19.5M volume
BROKER

Greg Gould
Hedgerow Exclusive Properties
3 deals$77.5M volume(760) 846-6355
BROKER

Details

SOLD
IMAGE: Matt Breitenbach & Greg Gould DATE: 01/14/2021 ADDRESS: Old Montauk Highway MARKET: Montauk, Hamptons ASSET TYPE: SFR BROKERS: @MattBreitenbach & Greg Gould (@TheGregGould) - @BreitenbachAdvisory @Compass PRICE: $9,750,000 SF: 5,700 ~ PPSF: $1,710

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Deal Type
Operating Income
Operating Expenses (Annual)
Net Operating Income (NOI)

$520,000.01

Debt Service Coverage Ratio (DSCR)

0.94x

Cap Rate

5.33%

Cash Flow (Annual)-$34,639.68
Cash-on-Cash Return-1.27%
Monthly Debt Service$46,219.97
Annual Debt Service$554,639.69