Updated Dec 4, 2024
Nick Molnar Acquires Funny Girl Estate From Robbie Williams For $65M
$65,000,000
$3,439/SF
Building Size
18,900 SF
Asset Type
Single Family
Closing
May 6, 2024
About this deal
AI
The "Funny Girl" Estate located on North Faring Road in Los Angeles has been sold for $65 million. Spanning 1.95 acres, the property features a single-family home with a total square footage of 18,900 and a price per square foot of $3,439.
Summary of transaction details:
- Property Type: Single Family
- Transaction Amount: $65,000,000
- Buyer: Nick Molnar - Afterpay
- Seller: Robbie Williams
- Brokers: James Harris & David Parnes
- Address: North Faring Road
- Market: Los Angeles
Nick Molnar, the co-founder of Afterpay, has acquired the estate through an entity associated with him. Lapro Property Trust from Sydney, Australia, concluded the purchase of 312 North Faring Road, previously owned by British singer Robbie Williams. The estate, originally built for comedian Fanny Brice in 1938, now holds the title for the most expensive residential sale in Los Angeles County this year.
Players
Market Single Family Market Snapshot
Boundary boundary · Single Family · Sale transactions
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Deal FAQ
About $3.4K per square foot on a published $65M for 18,900 square feet (2024).
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Purchase Price
Annual NOI
Loan Amount
Interest Rate (%)
Loan Term (yrs)
Down Payment (%)
Cap Rate
0.24%
Cash-on-Cash
-0.07%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93