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Bobby Flay Acquires SFR In Beverly Hills For $7.6M

Property Image
SOLD
$7,600,000
Tomer Fridman
MM

California

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Single Family5,764 SF
Sold 02/09/2021
the dealplayerscompscontact
Property Image
SOLD

Bobby Flay Acquires SFR In Beverly Hills For $7.6M

Beverly Hills, CA, USA

See Similar Deals
Single Family5,764 SF
Sold 02/09/2021
Tomer Fridman
MM
the dealplayerscompscontact
Contact now

Summary

CALIFORNIA
Asset Type:Single Family
Price Per Square Foot:$1,318
Total Square Footage:5,764 SF
Transaction Type:Sale

A single-family residence in the Beverly Hills market has been sold for $7,600,000. The property, with a total square footage of 5,764, is located on a spacious lot measuring 19,000 square feet. The price per square foot for this transaction is estimated at $1,318.

Summary of transaction details

  • Property Type: SFR
  • Transaction Amount: $7,600,000
  • Market: Beverly Hills
  • Buyer: Bobby Flay
  • Seller: Michael Martin & Arya Martin
  • Broker: Tomer Fridman - Hilton & Hyland

The buyer of the property is celebrity chef Bobby Flay, while the sellers are Michael Martin and Arya Martin, represented by OSKLO.LA. The transaction was facilitated by real estate agent Tomer Fridman of Hilton & Hyland.

Players

Tomer Fridman
Christie's International Real Estate
Tomer Fridman
27 deals$515.2M volume
BROKER
MM
Michael Martin
4 deals$8.8M volume
SELLER
MM
Michael Martin
4 deals$8.8M volume
SELLER

Details

SOLD
IMAGE: Tomer Fridman, Bobby Flay DATE: 02/2021 MARKET: Beverly Hills ASSET TYPE: SFR BUYER: @BobbyFlay 👨‍🍳 SELLER: Michael Martin (@MichaelMartinLA) & Arya Martin (@AryaMartinLA) - @OSKLO.LA BROKER: @Tomer.Fridman - @HiltonHyland PRICE: $7,600,000 SF: 5,764 ~ PPSF: $1,318 LOT SIZE: 19,000 SF

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

$405,333.32

Debt Service Coverage Ratio (DSCR)

0.94x

Cap Rate

5.33%

Cash Flow (Annual)-$27,001.21
Cash-on-Cash Return-1.27%
Monthly Debt Service$36,027.88
Annual Debt Service$432,334.53