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Anonymous Buyer Acquires 9,000-Square-Foot Georgica Estate In East Hampton For $25M
SOLD
$25,000,000
New York
See Similar DealsSingle Family9,000 SF
Sold 10/13/2023
SOLD
Anonymous Buyer Acquires 9,000-Square-Foot Georgica Estate In East Hampton For $25M
Single Family9,000 SF
Sold 10/13/2023
Summary
Asset Type:Single Family
Price Per Square Foot:$2,777
Total Square Footage:9,000 SF
Transaction Type:Sale
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.
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Deal Type
30 years
10 years
Operating Income
Operating Expenses (Annual)
Net Operating Income (NOI)
$1,333,333.32
Debt Service Coverage Ratio (DSCR)
0.94x
Cap Rate
5.33%
Cash Flow (Annual)-$88,819.73
Cash-on-Cash Return-1.27%
Monthly Debt Service$118,512.75
Annual Debt Service$1,422,153.05
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