117 Erica's Ln, sagaponack, NY

PROJECT DESCRIPTION: Sagaponack, NY is considered one of the most desirable second-home markets in the United States. 117 Erica’s Ln is located just a quarter mile from the ocean. It sits on 2.0 acres of land. All of this makes it an exceptional investment property. The house underwent substantial renovation in 2019. 

117 Erica’s Lane was recently featured in Episode 6 of the Netflix hit show Million Dollar Beach House.

DEVELOPER: JEL Development

COMPLETION YEAR: 2004

STATUS: Completed & leased

PROJECT METRICS: 

• Completed in time?: Yes
• CAP rate: 4.5%

INVESTMENT OPPORTUNITY?: Contact us for more information.