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.
On the Map
$30,500,000
$2,033/SF
Other
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Players
Newport Coast Other Market Snapshot
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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