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320 Majors Path

Thierry Despont Sells Southampton Single Family Home For $17.9M With Brokers Martha Gundersen Michaela Keszler & Paul Brennan
SOLDSingle Family

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:

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

Michaela Keszler

Douglas Elliman

Broker

$46.7M

vol

2 deals

Broker

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