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
Market Single Family Market Snapshot
Boundary boundary · Single Family · Sale transactions
Loading comparables…
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