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Dr. Leonard Hochstein buys ...

Dr. Leonard Hochstein Acquires Miami Single Family Home For $6.8M From Seller Kerby Jean-Raymond
SOLDSingle Family

Dr. Leonard Hochstein Acquires Miami Single Family Home For $6.8M From Seller Kerby Jean-Raymond

$6,800,000

$2,340/SF

Building Size

2,906 SF

Asset Type

Single Family

Closing

Sep 29, 2023

AI

Dr. Leonard Hochstein, known as the "Boob God," has purchased a Miami waterfront home for $6.8 million. The property, previously bought by Kerby Jean-Raymond in April 2022 for $7.5 million, is now being acquired through a family trust. The single-family home is situated on 0.4 acres of land and spans 2,906 square feet. The transaction took place in the Miami market.

Summary of transaction details:

  • Property Type: Single Family
  • Transaction Amount: $6,800,000
  • Market: Miami
  • Total Acres: 0.4

Dr. Leonard Hochstein's purchase of the Miami waterfront property comes amidst his divorce from Real Housewives star Lisa Hochstein. The transaction was facilitated by Benjamin Moss and Michelle Northern of Compass, who acted as the brokers in the deal.

Players

Benjamin Moss

Compass

Broker

$114.6M

vol

10 deals

Broker

Kerby Jean-Raymond

Seller

$15.8M

vol

3 deals

Seller

Market Single Family Market Snapshot

Boundary boundary · Single Family · Sale transactions

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Purchase Price

Annual NOI

Loan Amount

Interest Rate (%)

Loan Term (yrs)

Down Payment (%)

Cap Rate

2.33%

Cash-on-Cash

-0.67%

Monthly Payment

$14,164

Annual Debt Svc

$169,964

Annual Cash Flow

$-11,334

DSCR

0.93