Alan Brynjolfsson Acquires $30.5M Newport Coast Mansion From Nabeel Gareeb
SOLD
$30,500,000
California
See Similar DealsOther15,000 SF
Sold 12/27/2018
SOLD
Alan Brynjolfsson Acquires $30.5M Newport Coast Mansion From Nabeel Gareeb
9 Del Mar, Newport Coast, CA, USA
See Similar DealsOther15,000 SF
Sold 12/27/2018
Summary
CALIFORNIA
Asset Type:Other
Price Per Square Foot:$2,033
Total Square Footage:15,000 SF
Transaction Type:Sale
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
Details
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Deal Type
30 years
10 years
Operating Income
Operating Expenses (Annual)
Net Operating Income (NOI)
$1,626,666.67
Debt Service Coverage Ratio (DSCR)
0.94x
Cap Rate
5.33%
Cash Flow (Annual)-$108,360.05
Cash-on-Cash Return-1.27%
Monthly Debt Service$144,585.56
Annual Debt Service$1,735,026.72
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