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Beverly Hills

Steven Schaefer And Jay Luchs Of Newmark Represent Seller Andrew Joblon In Beverly Hills Sale For $9.82M
SOLD

Steven Schaefer And Jay Luchs Of Newmark Represent Seller Andrew Joblon In Beverly Hills Sale For $9.82M

Beverly Hills

$9,820,000

$1,183/SF

Building Size

8,298 SF

Asset Type

Closing

Apr 21, 2025

AI

The property asset involved in this transaction is a single-family residence located in Beverly Hills. The sale price was $9,820,000, and the property encompasses a total of 4,149 square feet, resulting in a price per square foot of approximately $2,470.

Summary of transaction details:

  • Property Type: Single Family
  • Transaction Amount: $9,820,000
  • Square Footage: 4,149
  • Price per Square Foot: $2,470
  • Buyer’s Representative: Steven Schaefer - Newmark
  • Seller’s Representative: Jay Luchs - Newmark
  • Seller: Andrew Joblon

This transaction involved key individuals from the real estate sector representing their respective parties. Steven Schaefer and Jay Luchs were instrumental as the buyer's and seller's representatives through Newmark, playing significant roles in the progression of this sale.

Players

Jay Luchs

Newmark

Broker

$2B

vol

43 deals

Broker
Andrew Joblon

Andrew Joblon

Newmark

Seller

$1.2B

vol

11 deals

Seller

Beverly Hills CRE Market Snapshot

Boundary boundary · CRE · Sale transactions

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Purchase Price

Annual NOI

Loan Amount

Interest Rate (%)

Loan Term (yrs)

Down Payment (%)

Cap Rate

1.62%

Cash-on-Cash

-0.46%

Monthly Payment

$14,164

Annual Debt Svc

$169,964

Annual Cash Flow

$-11,334

DSCR

0.93