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Updated Nov 4, 2023

Kristen Anderson-Lopez & Robert Lopez Purchase Two Units In Brooklyn For $11.34M
SOLDCondo

Kristen Anderson-Lopez & Robert Lopez Purchase Two Units In Brooklyn For $11.34M

Brooklyn

$11,340,000

Building Size

Asset Type

Condo

Closing

Aug 10, 2023

About this deal

AI

Kristen Anderson-Lopez and Robert Lopez, the renowned songwriting duo behind Disney's "Frozen," have recently purchased two condo units in Brooklyn for a total of approximately $11.34 million. The purchase includes the acquisition of two parking spots and marks a significant investment by the talented couple.

Summary of transaction details

  • Property Type: Condo
  • Transaction Amount: $11,340,000
  • Market: Brooklyn
  • Buyer: Kristen Anderson-Lopez & Robert Lopez

While specific details about the condo units such as square footage, address, or any unique characteristics have not been provided, the transaction showcases the couple's interest in expanding their real estate portfolio. Kristen Anderson-Lopez and Robert Lopez's notable success in the music industry, especially their contributions to the hit film "Frozen," have certainly contributed to their ability to make such a substantial purchase.

Players

Kristen Anderson-Lopez

Broker

$11.3M

vol

1 deal

Broker

Brooklyn Condo Market Snapshot

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Purchase Price

Annual NOI

Loan Amount

Interest Rate (%)

Loan Term (yrs)

Down Payment (%)

Cap Rate

1.40%

Cash-on-Cash

-0.40%

Monthly Payment

$14,164

Annual Debt Svc

$169,964

Annual Cash Flow

$-11,334

DSCR

0.93

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