Rishi Kapoor's Location Ventures Sells Condo In Coral Gables For $100M
501 Valencia Avenue, Coral Gables, Florida 33134, United States
$100,000,000
Building Size
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Asset Type
—
Closing
Jul 4, 2022
About this deal
AI
A condo located at 501-525 Valencia Avenue in Coral Gables has been sold for approximately $100,000,000. The transaction took place on 07/05/2022. The property features various appealing characteristics, including its prime market location in Coral Gables.
Summary of transaction details:
- Property Type: Condo
- Transaction Amount: $100,000,000 (Approx.)
- Address: 501-525 Valencia Avenue
- Market: Coral Gables
The seller of this condominium was Rishi Kapoor, representing Location Ventures. The deal was facilitated by Daniel de la Vega from One Sotheby’s International Realty.
The commercial sale at 501 Valencia Avenue, Coral Gables, Florida 33134, United States in Coral Gables, Florida sold for $100M in 2022. Daniel de la Vega, Rishi Kapoor, Sotheby's International Realty appear on the sale alongside Sotheby's International Realty. This page is the Coral Gables, Florida file for the 501 Valencia Avenue, Coral Gables, Florida 33134, United States commercial sold: pricing, party profiles, and other closed commercial comps from the same Coral Gables sit in the Market section below. Filter that Coral Gables commercial set by closing date to see what else sold near 501 Valencia Avenue, Coral Gables, Florida 33134, United States around 2022. Published consideration for 501 Valencia Avenue, Coral Gables, Florida 33134, United States is $100M, dated 2022. Cite this Rishi Kapoor's Location Ventures Sells Condo In Coral Gables For $100M sale when underwriting similar commercial product around Coral Gables, Florida.
Players
Coral Gables CRE Market Snapshot
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Purchase Price
Annual NOI
Loan Amount
Interest Rate (%)
Loan Term (yrs)
Down Payment (%)
Cap Rate
0.16%
Cash-on-Cash
-0.05%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93