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Aderemi Roberts, Oti Roberts Acquire SFR In Coral Gables For $5M

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SOLD
$5,000,000

Florida

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Single Family Residence13,509 SF
Sold 12/29/2020
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Property Image
SOLD

Aderemi Roberts, Oti Roberts Acquire SFR In Coral Gables For $5M

5450 Banyan Trail, Coral Gables, FL, USA

See Similar Deals
Single Family Residence13,509 SF
Sold 12/29/2020
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Summary

FLORIDA
Asset Type:Single Family Residence
Price Per Square Foot:$370
Total Square Footage:13,509 SF
Transaction Type:Sale

The property at 5450 Banyan Trail in Coral Gables has been sold. The transaction took place on 12/29/2020. The asset type is a single-family home with a total square footage of 13,509. The property was sold for a sale price of $5,000,000, with a price per square foot of $370.

Summary of transaction details

  • Property Type: SFR
  • Transaction Amount: $5,000,000
  • Market: Coral Gables
  • Buyer: Aderemi Roberts, Oti Roberts - Morgan Stanley
  • Seller: Luisa Cannella Ferrero
  • Buyer's Representative: Scott Shuffield - Berkshire Hathaway HomeServices EWM Realty
  • Seller's Representative: Anamaria Velasquez - Nexxos Realty LLC

The buyer in this transaction, represented by Scott Shuffield from Berkshire Hathaway HomeServices EWM Realty, is Aderemi Roberts and Oti Roberts from Morgan Stanley. On the other hand, the seller, Luisa Cannella Ferrero, was represented by Anamaria Velasquez of Nexxos Realty LLC.

Players

4 deals$16.3M volume(305) 726-3133
BROKER

Scott Shuffield
4 deals$16.3M volume(305) 726-3133
BROKER

Anamaria Velasquez
10 deals$70.4M volume
BROKER

Morgan Stanley
LENDER

Details

SOLD
IMAGE: Oti Roberts & Scott Shuffield DATE: 12/29/2020 ADDRESS: 5450 Banyan Trail MARKET: Coral Gables ASSET TYPE: SFR BUYER: Aderemi Roberts, Oti Roberts - Morgan Stanley SELLER: Luisa Cannella Ferrero BUYER'S REP: Scott Shuffield (@ScottShuffieldRealtor) – Berkshire Hathaway HomeServices EWM Realty (@EWMRealty) SELLER'S REP: Anamaria Velasquez (@Anamaria138) – Nexxos Realty LLC ASKING PRICE: $7,900,000 SALE PRICE: $5,000,000 SF: 13,509 ~ PPSF: $370

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Deal Type
Operating Income
Operating Expenses (Annual)
Net Operating Income (NOI)

$266,666.67

Debt Service Coverage Ratio (DSCR)

0.94x

Cap Rate

5.33%

Cash Flow (Annual)-$17,763.94
Cash-on-Cash Return-1.27%
Monthly Debt Service$23,702.55
Annual Debt Service$284,430.61