$79M La Dune Estate In Southampton Sold At Sotheby's Auction
$79,000,000
Building Size
—
Asset Type
Single Family
Closing
Jan 25, 2024
AI
Southampton's La Dune estate, located at 366 Gin Lane & 376 Gin Lane in Southampton, was recently sold in a closed property transaction. The single-family property, situated in the Southampton market, was initially listed for $150 million. The final sale price for the estate was $79 million, with an "all-in" price of $88.5 million, including a 12 percent premium.
Summary of transation details
- Property Type: Single Family
- Transaction Amount: $79,000,000
- Address: 366 Gin Lane & 376 Gin Lane, Southampton
- Market: Southampton
Leading the deal were Cody Vichinsky from Bespoke Real Estate, Harald Grant from Sotheby's International Realty, and Tim Davis from The Corcoran Group. These brokers represented the parties involved in the transaction.
It is worth noting that the La Dune estate was sold at a Sotheby's auction. The final sale price of $79 million included a 12 percent premium, resulting in an "all-in" price of $88.5 million.
Players
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
0.20%
Cash-on-Cash
-0.06%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93