facebook
Traded Co logo
Submit

Adam Neumann Sells Corte Madera SFR For $22.4M

Property Image
SOLD
$22,400,000

California

See Similar Deals
Single Family Residence12,500 SF
Sold 04/14/2021
the dealplayerscompscontact
Property Image
SOLD

Adam Neumann Sells Corte Madera SFR For $22.4M

800 Corte Madera Avenue, Corte Madera, CA, USA

See Similar Deals
Single Family Residence12,500 SF
Sold 04/14/2021
Contact now

Summary

CALIFORNIA
Asset Type:Single Family Residence
Price Per Square Foot:$1,792
Total Square Footage:12,500 SF
Transaction Type:Sale

The single-family residence located at 800 Corte Madera Avenue in Corte Madera has been sold in a recent transaction. The property, owned by Adam Neumann, was sold for a total of $22,400,000. The house spans an area of approximately 12,500 square feet, resulting in a price per square foot of $1,792.

Summary of Transaction Details

  • Property Type: SFR
  • Date: 04/14/2021
  • Address: 800 Corte Madera Avenue, Corte Madera
  • Seller: Adam Neumann
  • Sale Price: $22,400,000
  • Square Footage: 12,500
  • Price per Square Foot: $1,792

The sale of this property was finalized on 04/14/2021. Adam Neumann, the seller, successfully closed the transaction, resulting in a significant sale price of $22,400,000. The property, a spacious single-family residence, offers ample space with a square footage of 12,500. With a price per square foot of $1,792, this sale demonstrates the value and desirability of properties in the Corte Madera market.

Players

12 deals$631.1M volume
SELLER

Details

SOLD
IMAGE: Adam Neumann DATE: 04/14/2021 ADDRESS: 800 Corte Madera Avenue MARKET: Corte Madera ASSET TYPE: SFR SELLER: Adam Neumann SALE PRICE: $22,400,000 SF: 12,500 ~ PPSF: $1,792

Stay in the Know

Subscribe for insider commercial real estate news, deal highlights, and market insights—delivered straight to your inbox.

By subscribing, you agree to our Terms of Service and Privacy Policy.

Similar Deals

Contact

Get in touch with the broker you want

Suggestions
CRE CalculatorAnalyze deals based on income, expenses, and financing. We automatically filled the calculator with data from the deal you are viewing, fill free to modify it to see how it affects the results.
Deal Type
Operating Income
Operating Expenses (Annual)
Net Operating Income (NOI)

$1,194,666.67

Debt Service Coverage Ratio (DSCR)

0.94x

Cap Rate

5.33%

Cash Flow (Annual)-$79,582.46
Cash-on-Cash Return-1.27%
Monthly Debt Service$106,187.43
Annual Debt Service$1,274,249.14