Raymond Gonzalez Of MCT Express Acquires SFR In Coral Gables For $10.3M
24 Tahiti Beach Island Rd, Coral Gables, FL 33143, USA
$10,300,000
$661/SF
Building Size
15,563 SF
Asset Type
Single Family Residence
Closing
Oct 1, 2020
AI
24 Tahiti Beach Island Road, located in Coral Gables, was recently sold in a closed property transaction. The single-family residence spans 15,563 square feet and was sold for a price of $10,300,000, resulting in a price per square foot of $662. The transaction took place on October 2, 2020.
Summary of transaction details:
- Property Type: SFR
- Transaction Amount: $10,300,000
- Market: Coral Gables
- Buyer: Raymond Gonzalez – MCT Express
- Seller: Manuel Enriquez
- Buyer's Representative: Michael A. Diaz – Miami Brokers Group
- Seller's Representatives: Hilda Jacobson & Nora Gonzalez
The buyer in this transaction was Raymond Gonzalez, representing MCT Express. The seller, Manuel Enriquez, successfully closed the deal. Michael A. Diaz from Miami Brokers Group served as the buyer's representative, while Hilda Jacobson and Nora Gonzalez represented the seller.
Players
Miami 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
1.54%
Cash-on-Cash
-0.44%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93