Updated Oct 29, 2024
Cerberus Global Investments Acquires SFR In Coral Gables For $22M
90 Leucadendra Dr, Coral Gables, FL 33156, USA
$22,000,000
$2,126/SF
Building Size
10,346 SF
Asset Type
Single Family Residence
Closing
Jul 22, 2020
About this deal
AI
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.
Players
Coral Gables Single Family Residence Market Snapshot
Boundary boundary · Single Family Residence · Sale transactions
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Deal FAQ
About $2.1K per square foot on a published $22M for 10,346 square feet (2020).
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Purchase Price
Annual NOI
Loan Amount
Interest Rate (%)
Loan Term (yrs)
Down Payment (%)
Cap Rate
0.72%
Cash-on-Cash
-0.21%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93