Romulo Fonseca Sells SFR In Coral Gables For $9M With Brooks International Realty
SOLD
$9,000,000
Florida
See Similar DealsSingle Family Residence6,475 SF
Sold 12/16/2021
SOLD
Romulo Fonseca Sells SFR In Coral Gables For $9M With Brooks International Realty
450 Como Avenue, Coral Gables, FL 33146
See Similar DealsSingle Family Residence6,475 SF
Sold 12/16/2021
Summary
FLORIDA
Asset Type:Single Family Residence
Price Per Square Foot:$1,390
Total Square Footage:6,475 SF
Transaction Type:Sale
A single-family residential property located at 450 Como Ave in Coral Gables recently sold for $9,000,000. The property, spanning 6,475 square feet, was listed with an asking price of $9,800,000, resulting in a price per square foot of $1,390. The transaction took place on 12/16/2021.
Summary of transation details
- Property Type: SFR
- Transaction Amount: $9,000,000
- Address: 450 Como Ave
- Market: Coral Gables
The seller of the property was Romulo Fonseca. The deal was facilitated by Adam Redolfi and Enzo Rosani from Barnes International Realty. They represented the seller in the transaction.
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Deal Type
30 years
10 years
Operating Income
Operating Expenses (Annual)
Net Operating Income (NOI)
$480,000.00
Debt Service Coverage Ratio (DSCR)
0.94x
Cap Rate
5.33%
Cash Flow (Annual)-$31,975.10
Cash-on-Cash Return-1.27%
Monthly Debt Service$42,664.59
Annual Debt Service$511,975.10
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