Sergey Brin Acquires $35M Cliffside Estate In Point Dume, Malibu
The Exact Address Of The Transaction Is Not Provided In The Given Article.
Building Size
—
Asset Type
—
Closing
Jun 12, 2023
AI
Google co-founder Sergey Brin has expanded his real estate portfolio with the purchase of a $35 million cliffside estate in Point Dume, Malibu. The stunning property spans 0.86 acres and offers breathtaking ocean views. With a total of six bedrooms, this luxurious home provides ample space for the new owner to enjoy.
Summary of transaction details
- Property Type: Single Family
- Sale Price: $35,000,000
- Square Footage: 6,107
- Price per Square Foot: $5,731
The seller of this magnificent estate is Steve Buchanan, who facilitated the transaction with Sergey Brin. The acquisition was completed on June 11, 2023, making this a recent addition to Brin's collection of properties. The terraced backyard of the estate leads directly to the beach, providing easy access to the shoreline. This transaction further highlights Brin's dedication to investing in premier real estate.
Players
Market CRE Market Snapshot
Boundary boundary · CRE · Sale transactions
Loading comparables…
Purchase Price
Annual NOI
Loan Amount
Interest Rate (%)
Loan Term (yrs)
Down Payment (%)
Cap Rate
5.80%
Cash-on-Cash
-1.66%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93