Updated Dec 4, 2024
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
About this deal
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
Market Single Family Market Snapshot
Boundary boundary · Single Family · Sale transactions
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Deal FAQ
About $2.3K per square foot on a published $6.8M for 2,906 square feet (2023).
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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