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60 Edgewater Drive, Coral G...

Randy & Hilal Walker Acquire Coral Gables Condo For $7.3M With Reps Ashley Cusack & Allison Blumenthal
SOLD

Randy & Hilal Walker Acquire Coral Gables Condo For $7.3M With Reps Ashley Cusack & Allison Blumenthal

60 Edgewater Drive, Coral Gables, Florida 33133, United States

$7,300,000

$914/SF

Building Size

7,980 SF

Asset Type

Closing

Sep 26, 2022

AI

A luxury condo located at 60 Edgewater Drive Unit TSE in Coral Gables has been sold for $7,300,000. The property spans across 7,980 square feet and has a price per square footage of $915. The sale took place on September 27, 2022.

Summary of transation details

  • Property Type: Condo
  • Transaction Amount: $7,300,000
  • Address: 60 Edgewater Drive Unit TSE, Coral Gables
  • Market: Coral Gables

Randy and Hilal Walker are the buyers of this magnificent condo, while Marc Kovens acted as the seller. Ashley Cusack, representing Berkshire Hathaway HomeServices EWM Realty, assisted Randy and Hilal Walker in the purchase process. Allison Blumenthal from Brown Harris Stevens represented Marc Kovens as the seller's representative.

Players

Allison Blumenthal

Brown Harris Stevens

Broker

$17.9M

vol

2 deals

Broker

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

2.17%

Cash-on-Cash

-0.62%

Monthly Payment

$14,164

Annual Debt Svc

$169,964

Annual Cash Flow

$-11,334

DSCR

0.93