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120 Lakehurst Drive

SOLDSingle Family Residence

Tristan Thompson Sells Bratenahl, OH Single Family Home For $2.5M

120 Lakehurst Drive

$2,500,000

$280/SF

Building Size

8,914 SF

Asset Type

Single Family Residence

Closing

Mar 31, 2021

AI

The property involved in the transaction is a single-family home located at 120 Lakehurst Dr, Bratenahl, OH. The transaction amount for this property was $2,500,000.

Summary of transaction details:

  • Property Type: Single Family
  • Transaction Amount: $2,500,000
  • Seller: Tristan Thompson
  • Buyer’s Representative: Eileen Clegg McKeon & Meredith Babel - Howard Hanna
  • Seller’s Representative: Linda Musarra - Chestnut Hill Realty, Inc.
  • Date of Sale: 04/01/2021

This transaction featured prominent individuals in the representation roles. Eileen Clegg McKeon and Meredith Babel served as buyer’s representatives from Howard Hanna, while Linda Musarra represented the seller, Tristan Thompson, through Chestnut Hill Realty, Inc.

Players

Eileen Clegg McKeon

Broker

$2.5M

vol

1 deal

Broker

Cleveland Single Family Residence Market Snapshot

Boundary boundary · Single Family Residence · Sale transactions

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Purchase Price

Annual NOI

Loan Amount

Interest Rate (%)

Loan Term (yrs)

Down Payment (%)

Cap Rate

6.35%

Cash-on-Cash

-1.81%

Monthly Payment

$14,164

Annual Debt Svc

$169,964

Annual Cash Flow

$-11,334

DSCR

0.93