Kevin Feige Acquires SFR In Bel Air For $52M From Seller Todd Lemkin
SOLD
$52,000,000
National
See Similar Deals19,702 SF
Sold 05/07/2022
SOLD
Kevin Feige Acquires SFR In Bel Air For $52M From Seller Todd Lemkin
19,702 SF
Sold 05/07/2022
Summary
Price Per Square Foot:$2,639
Total Square Footage:19,702 SF
Transaction Type:Sale
Kevin Feige, the President of Marvel Studios, recently purchased a property in Bel Air for $52,000,000. The single-family residence sits on approximately 1.19 acres of land. Spanning an impressive 19,721 square feet, this property offers ample space for Feige to enjoy.
Summary of Transaction Details:
- Property Type: Single-Family Residence
- Transaction Amount: $52,000,000
- Market: Bel Air
- Size: 1.19 acres
During this transaction, Kevin Feige acted as the buyer while Todd Lemkin served as the seller. Feige's purchase of this property showcases his continued success in the entertainment industry and his investment in luxury real estate.
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Deal Type
30 years
10 years
Operating Income
Operating Expenses (Annual)
Net Operating Income (NOI)
$2,773,333.32
Debt Service Coverage Ratio (DSCR)
0.94x
Cap Rate
5.33%
Cash Flow (Annual)-$184,745.03
Cash-on-Cash Return-1.27%
Monthly Debt Service$246,506.53
Annual Debt Service$2,958,078.35
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