Updated Oct 25, 2024
Former Peloton CEO John Foley Sells East Hampton Estate For $51M
442 Further Lane
$51,000,000
$8,360/SF
Building Size
6,100 SF
Asset Type
Single Family
Closing
Sep 15, 2023
About this deal
AI
Former Peloton CEO and executive chairman, John Foley, has sold his estate in East Hampton for $51 million. The property is a 6,100-square-foot home designed by Francis Fleetwood. It is situated on four acres of land with over 400 feet of oceanfront. The estate features five bedrooms, sundecks, a pool, and a spa.
Summary of transaction details
- Property Type: Single Family
- Transaction Amount: $51,000,000
- Square Footage: 6,100
- Price Per Square Foot: $8,361
- Market: East Hampton
- Seller: John Foley
This sale transaction highlights the impressive listing of John Foley's East Hampton estate. Designed by Francis Fleetwood, the 6,100-square-foot home offers luxurious amenities such as sundecks, a pool, and a spa. The property's prime location on four acres with oceanfront access further adds to its appeal. With this successful sale, John Foley demonstrates his astute real estate investments and his ability to maximize the market value of his properties.
Players
Amagansett Single Family Market Snapshot
Boundary boundary · Single Family · Sale transactions
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Deal FAQ
About $8.4K per square foot on a published $51M for 6,100 square feet (2023).
Browse Amagansett single family sales on Traded.
Purchase Price
Annual NOI
Loan Amount
Interest Rate (%)
Loan Term (yrs)
Down Payment (%)
Cap Rate
0.31%
Cash-on-Cash
-0.09%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93