The property asset involved in this transaction is a single-family home located at 12120 New Suffolk Avenue in Cutchogue, which sold for $11,200,000. The home encompasses 7,500 square feet, resulting in a price per square foot of $1,493. This sale set a new residential sales record for the North Fork and represents the highest-ever single-family home sale in the Town of Southold.

Summary of transation details:

• Property Type: Single Family
• Transaction Amount: $11,200,000
• Address: 12120 New Suffolk Avenue
• Market: Cutchogue
• Square Footage: 7,500
• Price per Square Foot: $1,493
• Buyer's Representative: Kristy Naddell - Douglas Elliman
• Seller's Representatives: Bridget Elkin & Eric Elkin - Compass

Key individuals involved in this deal include Kristy Naddell, who represented the buyer, and Bridget Elkin along with Eric Elkin, who represented the seller in this transaction.