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Southampton, New York, Unit...

Stewart Butterfield, Jen Rubio & David Walentas: Southampton SFR Sale For $32.2M
SOLDSingle Family Residence

Stewart Butterfield, Jen Rubio & David Walentas: Southampton SFR Sale For $32.2M

Southampton, New York, United States

$32,200,000

$1,894/SF

Building Size

17,000 SF

Asset Type

Single Family Residence

Closing

Jun 1, 2022

AI

A 17,000 square-foot single-family home located in Southampton, with a total of 3.0 acres of land, has been sold for a price of $32,200,000. The property was purchased by Stewart Butterfield, the CEO of Slack, and Jen Rubio, the co-founder of Away. The seller of the property was David Walentas. The sale took place on June 2, 2022, and the transaction was facilitated by brokers Christopher Burnside from Brown Harris Stevens and Harald Grant from Sotheby's International Realty. The price per square foot for the property was $1,894.

Summary of transaction details:

  • Property Type: Single-family home (SFR)
  • Transaction Amount: $32,200,000
  • Market: Southampton
  • Acres: 3.0

The buyers of the property were Stewart Butterfield, the CEO of Slack, and Jen Rubio, the co-founder of Away. They acquired the property from David Walentas. The sale was facilitated by brokers Christopher Burnside from Brown Harris Stevens and Harald Grant from Sotheby's International Realty.

Players

Harald Grant

Sotheby's International Realty

Broker

$230.4M

vol

5 deals

Broker

David C. Walentas

Two Trees Management

Seller

$112.2M

vol

2 deals

Seller

Southampton 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

0.49%

Cash-on-Cash

-0.14%

Monthly Payment

$14,164

Annual Debt Svc

$169,964

Annual Cash Flow

$-11,334

DSCR

0.93