Updated Dec 4, 2024
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
About this deal
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.
On the Map
$14,855,000
$454/SF
Single Family
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Players
Highland Park Single Family Market Snapshot
Boundary boundary · Single Family · Sale transactions
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Deal FAQ
About $454 per square foot on a published $14.9M for 32,683 square feet (2024).
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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