Oceanfront Hamptons Home Sells for Close to $35 MillionIn Bridgehampton, N.Y., an oceanfront home has sold for close to $35 million.
Be the first to know about the biggest and best luxury home sales and listings by signing up forAn oceanfront house in New York’s Hamptons has sold in an off-market deal for close to $35 million, according to people familiar with the deal.
So roughly a 2.5% cap rate? Assuming normal operating expenses. Makes a lot of sense.
I didn’t want to be known as a slumlord so I dumped it.
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