Afterpay's Nick Molnar Acquires Bel Air Single Family Home From Sam Nazarian For $34.8M
Bel Air, Los Angeles, California, United States
$34,800,000
$3,278/SF
Building Size
10,616 SF
Asset Type
Single Family Residence
Closing
Sep 20, 2022
AI
The single-family property in Bel Air, Los Angeles has been sold for $34,800,000. The transaction took place on September 20, 2022. The property spans across 1.12 acres and offers a generous living space of 10,616 square feet. The price per square foot comes to $3,278. The buyer of the property is Nick Molnar, the co-founder of Afterpay, as mentioned in his Instagram post. The seller is Sam Nazarian.
Summary of transaction details:
- Property Type: Single Family
- Transaction Amount: $34,800,000
Nick Molnar, known for his involvement with Afterpay, is the buyer of the property. Sam Nazarian, the seller, facilitated the transaction. The transaction involved a significant sale price of $34,800,000 for the impressive property in Bel Air. This transaction marks a notable deal in the real estate market, emphasizing the high-value properties that attract prominent buyers and investors.
Players
Los Angeles Single Family Residence Market Snapshot
Boundary boundary · Single Family Residence · Sale transactions
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Purchase Price
Annual NOI
Loan Amount
Interest Rate (%)
Loan Term (yrs)
Down Payment (%)
Cap Rate
0.46%
Cash-on-Cash
-0.13%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93