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5105 Alhambra Circle

David & Kathy Nateman Acquires SFR In Coral Gables For $1.4M
SOLDMultiFamily

David & Kathy Nateman Acquires SFR In Coral Gables For $1.4M

5105 Alhambra Circle

$1,400,000

$739/SF

Building Size

1,893 SF

Asset Type

MultiFamily

Closing

Dec 12, 2022

AI

The property involved in this transaction is a single-family home located at 5105 Alhambra Circle in Coral Gables. It was sold for a price of $1,400,000. The home has a total square footage of 1,893, resulting in a price per square foot of $740.

Summary of transaction details

  • Property Type: SFR
  • Transaction Amount: $1,400,000
  • Market: Coral Gables
  • Address: 5105 Alhambra Circle

In this transaction, the buyer was David & Kathy Nateman, while the seller was Frances & David Jellen. Representing both the buyer and the seller was Esther Prat from Florida Capital Realty.

Players

Esther Prat

Douglas Elliman

Broker

$6.5M

vol

2 deals

Broker

Coral Gables MultiFamily Market Snapshot

Boundary boundary · MultiFamily · Sale transactions

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Purchase Price

Annual NOI

Loan Amount

Interest Rate (%)

Loan Term (yrs)

Down Payment (%)

Cap Rate

11.33%

Cash-on-Cash

-3.24%

Monthly Payment

$14,164

Annual Debt Svc

$169,964

Annual Cash Flow

$-11,334

DSCR

0.93