Updated Sep 9, 2024
Oren Alexander & Tal Alexander Acquire Coral Gables SFR For $34M
235 Solano Prado, Coral Gables, Florida 33156, United States
$34,000,000
$4,348/SF
Building Size
7,818 SF
Asset Type
Single Family Residence
Closing
Mar 20, 2022
About this deal
AI
Located in Coral Gables, the recently closed transaction involves the sale of a single-family residence at 235 Solano Prado. This property, spanning a total of 7,818 square feet, was purchased for a significant amount of $34,000,000. With a price per square foot of $4,349, this transaction reflects the high-end nature of the market.
Summary of transaction details:
- Property Type: SFR
- Transaction Amount: $34,000,000
- Market: Coral Gables
- Date: 03/21/2022
- Buyer's Rep: Oren Alexander & Tal Alexander - Alexander Team - Douglas Elliman
- Seller's Rep: Jill Hertzberg & Judith Zeder - Jills Zeder Group - Coldwell Banker
Representing the buyer in this transaction were Oren Alexander and Tal Alexander from the Alexander Team at Douglas Elliman. On the other hand, the seller was represented by Jill Hertzberg and Judith Zeder from the Jills Zeder Group at Coldwell Banker. These experienced professionals played a crucial role in facilitating this prestigious deal between the buyer and seller.
Players
Coral Gables 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
0.47%
Cash-on-Cash
-0.13%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93