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Derek Jeter Sells Greenwood Lake Mansion For $6.3M Through Diane Mitchell, Wright Bros. RE
SOLD
$6,300,000
New York
See Similar DealsSingle Family9,000 SF
Sold 06/04/2024
SOLD
Derek Jeter Sells Greenwood Lake Mansion For $6.3M Through Diane Mitchell, Wright Bros. RE
Single Family9,000 SF
Sold 06/04/2024
Summary
Asset Type:Single Family
Price Per Square Foot:$700
Total Square Footage:9,000 SF
Transaction Type:Sale
The Greenwood Lake mansion owned by Derek Jeter in upstate New York has been sold for $6.3 million, a significant reduction from its initial listing price of $14.75 million in 2018. The property spans 9,000 square feet and has a price per square foot of $700.
Summary of transaction details:
- Property Type: Single Family
- Transaction Amount: $6,300,000
- Seller: Derek Jeter
- Broker: Diane Mitchell - Wright Bros. Real Estate
- Market: Greenwood Lake
Diane Mitchell of Wright Bros. Real Estate represented Derek Jeter in the sale of his Greenwood Lake mansion. The transaction marks a successful deal that saw the property change ownership at a significantly reduced price compared to its initial listing.
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Deal Type
30 years
10 years
Operating Income
Operating Expenses (Annual)
Net Operating Income (NOI)
$336,000.00
Debt Service Coverage Ratio (DSCR)
0.94x
Cap Rate
5.33%
Cash Flow (Annual)-$22,382.57
Cash-on-Cash Return-1.27%
Monthly Debt Service$29,865.21
Annual Debt Service$358,382.57
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