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Phil Falcone And Lisa Maria Falcone Sell Sagaponack Beach Mansion For $14 Million

Property Image
SOLD
$14,000,000
Gary DePersia
Morgan McCarthy

New York

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Single Family14,000 SF
Sold 10/16/2024
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Property Image
SOLD

Phil Falcone And Lisa Maria Falcone Sell Sagaponack Beach Mansion For $14 Million

142 Crestview Lane

See Similar Deals
Single Family14,000 SF
Sold 10/16/2024
Gary DePersia
Morgan McCarthy
the dealplayerscompscontact
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Summary

NEW YORK
Asset Type:Single Family
Price Per Square Foot:$1,000
Total Square Footage:14,000 SF
Transaction Type:Sale

A 14,000 square foot single-family home located at 142 Crestview Lane in Sagaponack has been sold for $14,000,000 in an all-cash transaction. This property marks the last of the trophy homes owned by sellers Phil Falcone and Lisa Maria Falcone.

Summary of transaction details:

This transaction involved Phil Falcone and Lisa Maria Falcone as the sellers of the property, with Morgan McCarthy representing the buyer and Gary DePersia representing the sellers in the deal.

Players

Gary DePersia
The Corcoran Group
Gary DePersia
1 deal$14M volume(516) 380-0538
BROKER
Morgan McCarthy
Compass
Morgan McCarthy
1 deal$14M volume(914) 819-7589
BROKER

Details

SOLD
IMAGE: Gary DePersia, Phil Falcone, Lisa Maria Falcone & Morgan McCarthy DATE: 10/16/2024 ADDRESS: 142 Crestview Lane MARKET: Sagaponack ASSET TYPE: Single Family SELLER: Phil Falcone & Lisa Maria Falcone BUYER'S REP: Morgan McCarthy - Compass (@Compass) SELLER'S REP: Gary DePersia (@DepersiaHamptons) - The Corcoran Group (@TheCorcoranGroup) SALE PRICE: $14,000,000 SF: 14,000 ~ PPSF: $1,000 NOTE: Phil Falcone and his wife Lisa Maria Falcone sold their Sagaponack beach mansion for $14 million in an all-cash deal, marking the last of their trophy homes.

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

$746,666.66

Debt Service Coverage Ratio (DSCR)

0.94x

Cap Rate

5.33%

Cash Flow (Annual)-$49,739.05
Cash-on-Cash Return-1.27%
Monthly Debt Service$66,367.14
Annual Debt Service$796,405.71