Richard Gere Acquires 31.8 Acre Single Family Property In New Canaan, CT From Paul Simon & Edie Brickell
FINANCED
$10,800,000
Connecticut
See Similar DealsSingle Family Residence
Financed 08/05/2022
FINANCED
Richard Gere Acquires 31.8 Acre Single Family Property In New Canaan, CT From Paul Simon & Edie Brickell
New Canaan, Connecticut, United States
See Similar DealsSingle Family Residence
Financed 08/05/2022
Summary
CONNECTICUT
Asset Type:Single Family Residence
Transaction Type:Loan
The single-family property located in New Canaan, CT was recently sold for a price of $10,800,000. Spanning across 31.8 acres, this property offers a spacious and serene living environment.
Summary of transaction details
- Property Type: Single Family
- Transaction Amount: $10,800,000
- Market: New Canaan, CT
- Acres: 31.8
The buyer of this property was Richard Gere, famously known for his role in the movie "Pretty Woman." On the other hand, the sellers were Paul Simon, a renowned musician, and Edie Brickell, also a musician. This successful transaction highlights the collaboration of these esteemed individuals in the real estate market.
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Deal Type
30 years
10 years
Debt Service Coverage Ratio (DSCR)
1.05x
Max Loan Amount
$10,800,000.00
Monthly NOI$72,000.00
Monthly Debt Service$68,263.35
Change in Cash Flow$0.00
Refinance Proceeds$0.00
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