Richard Gere Sells Pound Ridge SFR For $28M With Broker Muffin Dowdle
Pound Ridge, New York, United States
$28,000,000
$2,413/SF
Building Size
11,600 SF
Asset Type
Single Family Residence
Closing
May 5, 2022
AI
This property is a single-family residence located in Pound Ridge, occupying 50 acres. The total area of the residence is 11,600 square feet, with a sale price of $28,000,000, translating to a price per square foot of $2,413.
Summary of transaction details:
- Property Type: SFR
- Transaction Amount: $28,000,000
- Square Footage: 11,600
- Price per Square Foot: $2,413
- Market: Pound Ridge
- Seller: Richard Gere
- Broker: Muffin Dowdle - Ginnel Real Estate
Richard Gere, an American actor, is noted as the seller of the property. The brokerage engaged in this transaction is Ginnel Real Estate, represented by Muffin Dowdle.
Pound Ridge Single Family Residence Market Snapshot
Boundary boundary · Single Family Residence · Sale transactions
Loading comparables…
Purchase Price
Annual NOI
Loan Amount
Interest Rate (%)
Loan Term (yrs)
Down Payment (%)
Cap Rate
0.57%
Cash-on-Cash
-0.16%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93