facebook
TradedTraded
    Home
    Search
    Closings
    Listings
    On Market
    Off Market
    Add a listing
    Vaults
    shh
    Rankings
    News
    Data
    Socials
    More


Messages

Go Pro
+ Submit+ Submit a Deal
Home

/

Deals

/

National

/

Single Family

/

Sale

/

Maurice Marciano purchases ...

Maurice Marciano Acquires Beverly Hills Single Family From Fred Bernstein For $37.5M
SOLDSingle Family

Maurice Marciano Acquires Beverly Hills Single Family From Fred Bernstein For $37.5M

$37,500,000

$4,032/SF

Building Size

9,300 SF

Asset Type

Single Family

Closing

Sep 7, 2022

AI

A Single Family property located in Beverly Hills has been sold for a whopping $37,500,000. The property spans across 9,300 square feet, resulting in a price per square foot of $4,032. The transaction took place on 09/07/2022 and was facilitated by Westside Estate Agency.

Summary of transation details

  • Property Type: Single Family
  • Transaction Amount: $37,500,000
  • Market: Beverly Hills

The buyer of the property is Maurice Marciano, the co-founder of Guess. On the other hand, Fred Bernstein, a developer, acted as the seller in this deal. The brokers involved in the transaction were Kurt Rappaport, Fred Bernstein, and Ethan Peskowitz, all of whom represent Westside Estate Agency.

Players

Kurt Rappaport

Westside Estate Agency

Broker

$2.1B

vol

58 deals

Broker

Market Single Family Market Snapshot

Boundary boundary · Single Family · Sale transactions

Loading comparables…

Purchase Price

Annual NOI

Loan Amount

Interest Rate (%)

Loan Term (yrs)

Down Payment (%)

Cap Rate

0.42%

Cash-on-Cash

-0.12%

Monthly Payment

$14,164

Annual Debt Svc

$169,964

Annual Cash Flow

$-11,334

DSCR

0.93