Updated Sep 9, 2024
Architect Richard Landry And Chris Drugan Sell Brentwood SFR For $19.5M
$19,500,000
$2,052/SF
Building Size
9,500 SF
Asset Type
Single Family
Closing
Jun 17, 2022
About this deal
AI
An architectural masterpiece designed by Richard Landry and owned by Richard Landry and Chris Drugan in the exclusive Brentwood market has been sold for a whopping $19,500,000. This stunning single-family residence spans across 9,500 square feet, making it an exceptional investment opportunity in the area. The price per square foot comes in at $2,052, reflecting the high demand and premium value of this luxurious property.
Summary of transation details
- Property Type: Single-Family Residence
- Transaction Amount: $19,500,000
- Market: Brentwood
- Square Feet: 9,500
The sale was facilitated by Morgan Trent and Aaron Kirman of the Aaron Kirman Group at Compass, who served as the trusted brokers in this deal. Their expertise in the real estate industry undoubtedly played a crucial role in successfully closing this significant transaction. Richard Landry, a renowned architect, and Chris Drugan, the property owner, entrusted these reliable brokers to handle the sale, showcasing their professionalism and commitment to delivering exceptional results.
Players
Market Single Family Market Snapshot
Boundary boundary · Single Family · Sale transactions
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Deal FAQ
About $2.1K per square foot on a published $19.5M for 9,500 square feet (2022).
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Purchase Price
Annual NOI
Loan Amount
Interest Rate (%)
Loan Term (yrs)
Down Payment (%)
Cap Rate
0.81%
Cash-on-Cash
-0.23%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93