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366 Gin Lane & 376 Gin Lane

$79M La Dune Estate In Southampton Sold At Sotheby's Auction
SOLDSingle Family

$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

Cody Vichinsky

Bespoke Real Estate

Broker

$483.9M

vol

8 deals

Broker

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