Thierry Despont Sells Southampton Single Family Home For $17.9M With Brokers Martha Gundersen Michaela Keszler & Paul Brennan
320 Majors Path
$17,900,000
$2,983/SF
Building Size
6,000 SF
Asset Type
Single Family
Closing
Sep 27, 2024
AI
A single-family home located at 320 Majors Path in Southampton has been sold for $17,900,000. The property encompasses 6,000 square feet, resulting in a price per square foot of $2,983. The estate was previously owned by Thierry Despont and was sold close to its initial asking price of $18.4 million, four months after going under contract.
Summary of transaction details:
- Property Type: Single Family
- Transaction Amount: $17,900,000
- Address: 320 Majors Path
- Market: Southampton
- Square Footage: 6,000
- Price Per Square Foot: $2,983
- Seller: Thierry Despont
- Broker Representatives: Martha Gundersen, Michaela Keszler & Paul Brennan - Douglas Elliman
The sale was made to an unnamed hedge funder from New York. The transaction highlights the involvement of brokers from Douglas Elliman, with Martha Gundersen, Michaela Keszler, and Paul Brennan representing the seller in this deal.
Players
Southampton 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
0.89%
Cash-on-Cash
-0.25%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93