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19 Cottage Avenue

Anonymous Buyer Acquires 9,000-Square-Foot Georgica Estate In East Hampton For $25M
SOLDSingle Family

Anonymous Buyer Acquires 9,000-Square-Foot Georgica Estate In East Hampton For $25M

$25,000,000

$2,777/SF

Building Size

9,000 SF

Asset Type

Single Family

Closing

Oct 13, 2023

AI

An anonymous buyer has purchased a 9,000-square-foot single-family home located at 19 Cottage Avenue in East Hampton. The property was sold for the asking price of $25 million, which translates to a price per square foot of $2,778.

Summary of transaction details

  • Property Type: Single Family
  • Transaction Amount: $25,000,000
  • Address: 19 Cottage Avenue
  • Market: East Hampton

Randi Ball from The Corcoran Group represented the buyer in this transaction, while Beate Moore and Frank E. Newbold from Sotheby's International Realty represented the seller.

It is worth noting that the buyer chose to remain anonymous throughout the purchasing process. The estate offers 9,000 square feet of living space and is located in the desirable neighborhood of Georgica in East Hampton.

Players

Frank E. Newbold

Sotheby's International Realty

Broker

$77M

vol

2 deals

Broker

Market Single Family Market Snapshot

Boundary boundary · Single Family · Sale transactions

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Purchase Price

Annual NOI

Loan Amount

Interest Rate (%)

Loan Term (yrs)

Down Payment (%)

Cap Rate

0.63%

Cash-on-Cash

-0.18%

Monthly Payment

$14,164

Annual Debt Svc

$169,964

Annual Cash Flow

$-11,334

DSCR

0.93