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
Market Single Family Market Snapshot
Boundary boundary · Single Family · Sale transactions
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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