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620 Arvida Pkwy, Coral Gabl...

John H. Ruiz Acquires $49M SFR In Gables Estates From Seller Benjamin Leon Jr
SOLDSingle Family Residence

John H. Ruiz Acquires $49M SFR In Gables Estates From Seller Benjamin Leon Jr

620 Arvida Pkwy, Coral Gables, FL 33156, USA

$49,000,000

$2,227/SF

Building Size

22,000 SF

Asset Type

Single Family Residence

Closing

Apr 8, 2020

AI

The property located at 620 Arvida Parkway in Gables Estates has been sold in a closed transaction. The buyer, John H. Ruiz, acquired the property from the seller, Benjamin Leon Jr, who represents Leon Medical Centers. The transaction was facilitated by brokers Diana Gutierrez, Yvette Rivero, and Alex Pirez from Mocca Realty. The property is a single-family residence with a total area of 22,000 square feet.

Summary of transaction details

  • Property Type: Single-Family Residence
  • Transaction Amount: $49,000,000
  • Market: Gables Estates
  • Buyer: John H. Ruiz
  • Seller: Benjamin Leon Jr, representing Leon Medical Centers
  • Brokers: Diana Gutierrez, Yvette Rivero, and Alex Pirez from Mocca Realty
  • Square Footage: 22,000
  • Price per Square Foot: $2,227

The sale of the property represents a significant transaction in the Gables Estates market. John H. Ruiz, as the buyer, shows a strong interest in acquiring properties in this area. On the other hand, Benjamin Leon Jr, representing Leon Medical Centers, saw the opportunity to divest this particular asset. The deal was successfully brokered by Diana Gutierrez, Yvette Rivero, and Alex Pirez from Mocca Realty, who demonstrated their expertise in navigating high-value property transactions.

Players

Diana Gutierrez

Mocca Realty

Broker

$217.5M

vol

14 deals

Broker

Benjamin Leon Jr

Leon Medical Centers

Seller

$71M

vol

2 deals

Seller

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

0.32%

Cash-on-Cash

-0.09%

Monthly Payment

$14,164

Annual Debt Svc

$169,964

Annual Cash Flow

$-11,334

DSCR

0.93