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Henry Winterstern Sells Beverly Hills Single Family Property For $47.5M With Buyer's Rep Fred Bernstein & Ethan Peskowitz And Seller's Rep Kurt Rappaport
SOLD
$47,500,000
Florida
See Similar DealsSingle Family Residence
Sold 03/31/2023
SOLD
Henry Winterstern Sells Beverly Hills Single Family Property For $47.5M With Buyer's Rep Fred Bernstein & Ethan Peskowitz And Seller's Rep Kurt Rappaport
Beverly Hills Post Office
See Similar DealsSingle Family Residence
Sold 03/31/2023
Summary
FLORIDA
Asset Type:Single Family Residence
Transaction Type:Sale
The property at 1426 Summitridge Drive in Beverly Hills has been sold. The single-family home was sold by Henry Winterstern for a total of $47,500,000.
Summary of transaction details
- Property Type: Single Family
- Transaction Amount: $47,500,000
- Address: 1426 Summitridge Drive
- Market: Beverly Hills
Representing the buyer in this transaction were Fred Bernstein and Ethan Peskowitz from Westside Estate Agency. On the seller's side, Kurt Rappaport, also from Westside Estate Agency, handled the deal.
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Deal Type
30 years
10 years
Operating Income
Operating Expenses (Annual)
Net Operating Income (NOI)
$2,533,333.32
Debt Service Coverage Ratio (DSCR)
0.94x
Cap Rate
5.33%
Cash Flow (Annual)-$168,757.48
Cash-on-Cash Return-1.27%
Monthly Debt Service$225,174.23
Annual Debt Service$2,702,090.80
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