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Alon Abady's 9,600-SF SFR In Beverly Hills Flats Sold For $33.6M, Represented By Mauricio Umansky & Farrah Brittany

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SOLD
$33,600,000
Mauricio Umansky
Farrah Brittany
Alon Abady

California

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Single Family Residence9,600 SF
Sold 08/30/2023
the dealplayerscompscontact
Property Image
SOLD

Alon Abady's 9,600-SF SFR In Beverly Hills Flats Sold For $33.6M, Represented By Mauricio Umansky & Farrah Brittany

717 N Palm Dr Beverly Hills, CA 90210, USA

See Similar Deals
Single Family Residence9,600 SF
Sold 08/30/2023
Mauricio Umansky
Farrah Brittany
Alon Abady
the dealplayerscompscontact
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Summary

CALIFORNIA
Asset Type:Single Family Residence
Price Per Square Foot:$3,500
Total Square Footage:9,600 SF
Transaction Type:Sale

A mansion located at 717 North Palm Drive in Beverly Hills has sold for a record-breaking $33.6 million. The 9,600-square-foot property, previously owned by Simon Cowell, surpassed the previous record of $25 million that was set in June. The sale was conducted as an off-market deal, with details about the listing price and the buyers remaining undisclosed. The mansion underwent renovations prior to the sale.

Summary of transaction details

  • Property Type: Single-Family Residence (SFR)
  • Transaction Amount: $33,600,000
  • Square Footage: 9,600
  • Price per Square Foot: $3,500
  • Address: 717 North Palm Drive, Beverly Hills
  • Market: Beverly Hills

Mauricio Umansky and Farrah Brittany from The Agency represented both the seller, Alon Abady of Abady Holdings, and the undisclosed buyers in this record-breaking transaction. This deal marks a significant achievement in the Beverly Hills real estate market.

Players

Farrah Brittany
The Agency
Farrah Brittany
8 deals$126M volume
BROKER
Mauricio Umansky
The Agency
Mauricio Umansky
17 deals$301.4M volume
BROKER
Alon Abady
Alon Abady
4 deals$106.9M volume
SELLER

Details

SOLD
IMAGE: Mauricio Umansky & Farrah Brittany DATE: 08/30/2023 ADDRESS: 717 North Palm Drive MARKET: Beverly Hills ASSET TYPE: SFR SELLER: Alon Abady - Abady Holdings BROKERS: Mauricio Umansky (@icioumansky27c9) & Farrah Brittany (@farrahbritt) - The Agency (@TheAgencyre) SALE PRICE: $33,600,000 SF: 9,600 ~ PPSF: $3,500 NOTE: A mansion in Beverly Hills Flats, located at 717 North Palm Drive, has sold for a record-breaking $33.6 million this year, surpassing the previous record of $25 million set in June. The 9,600-square-foot mansion, previously owned by Simon Cowell, went through renovations and was sold in an off-market deal, with details about the listing price and buyers undisclosed.

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Deal Type
Operating Income
Operating Expenses (Annual)
Net Operating Income (NOI)

$1,792,000.01

Debt Service Coverage Ratio (DSCR)

0.94x

Cap Rate

5.33%

Cash Flow (Annual)-$119,373.70
Cash-on-Cash Return-1.27%
Monthly Debt Service$159,281.14
Annual Debt Service$1,911,373.70