Steven Schaefer & Jay Luchs Of Newmark Represent Buyer In Malibu Single Family Sale For $11.5M
Building Size
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Asset Type
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Closing
Sep 14, 2026
About this deal
AI
The asset involved in this closed transaction is a single-family home located in Malibu. The sale price was $11,500,000, with a total square footage of 4,149. The price per square foot amounted to $2,478.
Summary of transaction details:
- Property Type: Single Family
- Transaction Amount: $11,500,000
- Square Footage: 4,149
- Price Per Square Foot: $2,478
- Buyer's Representative: Steven Schaefer & Jay Luchs - Newmark
- Seller's Representative: Chris Cortazzo - Compass
- Date of Transaction: 04/11/2026
- Market: Malibu
Key individuals in this transaction included Steven Schaefer and Jay Luchs representing the buyer, while Chris Cortazzo represented the seller in the deal. This collaboration reflects the involvement of prominent figures from respected agencies in the real estate market.
Players
Market CRE Market Snapshot
Boundary boundary · CRE · Sale transactions
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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