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
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Closing
Jul 4, 2022
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.
Players
Coral Gables CRE Market Snapshot
Boundary boundary · CRE · Sale transactions
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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