Old Montauk Highway SFR Sold For $9.75M By Matt Breitenbach & Greg Gould - Montauk Realtors
SOLD
New York
See Similar DealsSingle Family Residence5,700 SF
Sold 01/14/2021
SOLD
Old Montauk Highway SFR Sold For $9.75M By Matt Breitenbach & Greg Gould - Montauk Realtors
Old Montauk Highway, Montauk, NY, USA
See Similar DealsSingle Family Residence5,700 SF
Sold 01/14/2021
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.
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Deal Type
30 years
10 years
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
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