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2700 Point Drive

Michael Jordan Sells Highland Park Mansion To Buyer For $14.855M Represented By Katherine Malkin
SOLDSingle Family

Michael Jordan Sells Highland Park Mansion To Buyer For $14.855M Represented By Katherine Malkin

2700 Point Drive

$14,855,000

$454/SF

Building Size

32,683 SF

Asset Type

Single Family

Closing

Sep 17, 2024

AI

The property involved in this transaction is a single-family residence located at 2700 Point Drive in Highland Park. The asset encompasses 8.4 acres and has a total square footage of 32,683. The current asking price for the property is $14,855,000, which translates to a price per square foot of $455.

Summary of transaction details:

  • Property Type: Single Family
  • Transaction Amount: $14,855,000
  • Address: 2700 Point Drive
  • Market: Highland Park
  • Seller: Michael Jordan
  • Broker: Katherine Malkin - Compass
  • Square Footage: 32,683
  • Price Per Square Foot: $455
  • Acres: 8.4

This transaction involves Michael Jordan as the seller, who has had the property on the market for over 12 years, with multiple price reductions since its original listing. Katherine Malkin from Compass represents the interests of Michael Jordan in this deal. The identity of the buyer remains undisclosed at this time.

Players

Katherine Malkin

Compass

Broker

$48.9M

vol

4 deals

Broker

Highland Park 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

1.07%

Cash-on-Cash

-0.31%

Monthly Payment

$14,164

Annual Debt Svc

$169,964

Annual Cash Flow

$-11,334

DSCR

0.93