LeBron James Acquires $9M Condo In Sunny Isles Beach From Trump Group
Sunny Isles Beach, Florida, United States
$9,000,000
Building Size
—
Asset Type
—
Closing
Oct 19, 2022
About this deal
AI
The property involved in this transaction is a condo located in Sunny Isles Beach at the Estates at Acqualina. The sale took place on October 19, 2022. The buyer of the condo is LeBron James, known as the G.O.A.T (Greatest of All Time), who represents the Los Angeles Lakers. Tomi Rose from Aston Rose also played a role in the buying process. On the seller's side, the Trump Group, represented by Jules and Eddie Trump, sold the property. Yansy Checa from Acqualina Realty also played a role in the selling process.
Summary of transaction details:
- Property Type: Condo
- Transaction Amount: $9,000,000
- Market: Sunny Isles Beach
- Buyer: LeBron James - @lakers
- Buyer's Representative: Tomi Rose - Aston Rose
- Seller: Trump Group - Jules & Eddie Trump
- Seller's Representative: Yansy Checa - Acqualina Realty
LeBron James, a renowned basketball player and currently representing the Los Angeles Lakers, made this significant purchase. Tomi Rose from Aston Rose assisted LeBron in the buying process. On the other side, Jules and Eddie Trump, representing the Trump Group, sold the condo. Yansy Checa from Acqualina Realty represented the seller during the transaction.
Players
Sunny Isles Beach CRE Market Snapshot
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Purchase Price
Annual NOI
Loan Amount
Interest Rate (%)
Loan Term (yrs)
Down Payment (%)
Cap Rate
1.76%
Cash-on-Cash
-0.50%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93