Updated Dec 21, 2023
Alan Brynjolfsson Acquires $30.5M Newport Coast Mansion From Nabeel Gareeb
9 Del Mar, Newport Coast, CA, USA
$30,500,000
$2,033/SF
Building Size
15,000 SF
Asset Type
Other
Closing
Dec 26, 2018
About this deal
AI
A mansion located at 9 Del Mar in Newport Coast was recently sold for $30,500,000. The property spans 15,000 square feet, resulting in a price per square foot of $2,033.
Summary of transaction details
- Property Type: Mansion
- Transaction Amount: $30,500,000
- Square Footage: 15,000
- Price per Square Foot: $2,033
- Address: 9 Del Mar, Newport Coast
The buyer of the mansion was Alan Brynjolfsson, as stated in his Instagram account @AlanBrynjolfsson. The seller of the property was Nabeel Gareeb.
Representing the transaction were brokers Rex McKown, Marcy Weinstein, and Rob Smith from Surterre Properties.
Players
Newport Coast Other Market Snapshot
Boundary boundary · Other · Sale transactions
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Purchase Price
Annual NOI
Loan Amount
Interest Rate (%)
Loan Term (yrs)
Down Payment (%)
Cap Rate
0.52%
Cash-on-Cash
-0.15%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93