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Benjamin & Chantal Griefer Acquire Hidden Hills Mansion For $23.75M

Property Image
SOLD
$23,750,000
Marc Shevin
Dennis Chernov
Nicole Tekiela

California

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Single Family13,126 SF
Sold 02/08/2024
the dealplayerscompscontact
Property Image
SOLD

Benjamin & Chantal Griefer Acquire Hidden Hills Mansion For $23.75M

5275 Round Meadow Road

See Similar Deals
Single Family13,126 SF
Sold 02/08/2024
Marc Shevin
Dennis Chernov
Nicole Tekiela
the dealplayerscompscontact
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Summary

CALIFORNIA
Asset Type:Single Family
Price Per Square Foot:$1,809
Total Square Footage:13,126 SF
Transaction Type:Sale

Summary of transation details

Players

Dennis Chernov
The Agency
Dennis Chernov
12 deals$92.9M volume
BROKER
Marc Shevin
Douglas Elliman
Marc Shevin
9 deals$117.8M volume
BROKER
Nicole Tekiela
The Agency
Nicole Tekiela
2 deals$28.9M volume(310) 987-1701
BROKER

Details

SOLD
IMAGE: Nicole Tekiela, Benjamin Griefer, Dennis Chernov & Marc Shevin DATE: 02/08/2024 ADDRESS: 5275 Round Meadow Road MARKET: Hidden Hills ASSET TYPE: Single Family BUYER: Chantal Griefer (@ChantalGriefer); Benjamin Griefer (@BenGriefer) - Maverick Payments (@SmallBusiness.Hopper) BUYER'S REP: Dennis Chernov (@DennisChernov) & Nicole Tekiela (@NicoleTekiela) - The Agency (@TheAgencyRE) SELLER'S REP: Marc Shevin - Douglas Elliman (@DouglasElliman) SALE PRICE: $23,750,000 SF: 13,126 ~ PPSF: $1,809 NOTE: Financial executive Benjamin Griefer purchased a 13,126-square-foot Hidden Hills mansion for $23,750,000 million, below its $24.995 million asking price, featuring amenities like a gourmet kitchen, movie theater, and spacious master bedroom. Griefer, recognized by the Electronic Transactions Association, joins celebrity neighbors in the gated community, while a legal dispute over commission payout arises from Los Angeles Rams quarterback Matt Stafford's $28 million mansion purchase.

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

$1,266,666.67

Debt Service Coverage Ratio (DSCR)

0.94x

Cap Rate

5.33%

Cash Flow (Annual)-$84,378.73
Cash-on-Cash Return-1.27%
Monthly Debt Service$112,587.12
Annual Debt Service$1,351,045.40