Cerberus Global Investments Acquires SFR In Coral Gables For $22M
SOLD
$22,000,000
Florida
See Similar DealsSingle Family Residence10,346 SF
Sold 07/23/2020
SOLD
Cerberus Global Investments Acquires SFR In Coral Gables For $22M
90 Leucadendra Dr, Coral Gables, FL 33156, USA
See Similar DealsSingle Family Residence10,346 SF
Sold 07/23/2020
Summary
FLORIDA
Asset Type:Single Family Residence
Price Per Square Foot:$2,126
Total Square Footage:10,346 SF
Transaction Type:Sale
The property located at 90 Leucadendra Drive in Coral Gables has been sold in a closed transaction. This single-family residential (SFR) asset spans across 10,346 square feet.
Summary of transaction details:
- Property Type: SFR
- Transaction Amount: $22,000,000
- SF: 10,346
- BUYER: Lee Scott Millstein – Cerberus Global Investments & Sylvie Millstein
- SELLER’S REP: Michael Martinez & Adriana De Castro – One Sotheby’s
The buyers, represented by Lee Scott Millstein and Sylvie Millstein, have acquired this property. On the other hand, the seller was represented by Michael Martinez and Adriana De Castro from One Sotheby’s.
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Details
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Deal Type
30 years
10 years
Operating Income
Operating Expenses (Annual)
Net Operating Income (NOI)
$1,173,333.33
Debt Service Coverage Ratio (DSCR)
0.94x
Cap Rate
5.33%
Cash Flow (Annual)-$78,161.35
Cash-on-Cash Return-1.27%
Monthly Debt Service$104,291.22
Annual Debt Service$1,251,494.69
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