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235 Solano Prado, Coral Gab...

Updated Sep 9, 2024

Oren Alexander & Tal Alexander Acquire Coral Gables SFR For $34M
SOLDSingle Family Residence

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:

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

Oren Alexander

Official

Broker

$2B

vol

106 deals

Broker
Douglas Elliman
Douglas EllimanBrokerage

Coral Gables Single Family Residence Market Snapshot

Boundary boundary · Single Family Residence · Sale transactions

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Deal FAQ

About $4.3K per square foot on a published $34M for 7,818 square feet (2022).

Visit Tal Alexander to view all their deals.

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

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