Updated Oct 29, 2024
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
About this deal
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.
On the Map
$49,000,000
$2,227/SF
Single Family Residence
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Coral Gables Single Family Residence Market Snapshot
Boundary boundary · Single Family Residence · Sale transactions
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Deal FAQ
About $2.2K per square foot on a published $49M for 22,000 square feet (2020).
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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