Leopoldo Baptista And Elisa Perez Acquire Coral Gables Single Family From Alvaro Hernandez For $4.9M
5545 Riviera Drive
$4,900,000
$1,280/SF
Building Size
3,826 SF
Asset Type
Single Family Residence
Closing
Jul 1, 2024
AI
The property involved in this transaction is a single-family home located at 5545 Riviera Drive in the Coral Gables market. It has a sale price of $4,900,000 and covers a total square footage of 3,826, translating to a price per square foot of $1,280. The initial asking price for the property was $5,200,000.
Summary of transaction details:
- Property Type: Single Family
- Transaction Amount: $4,900,000
- Address: 5545 Riviera Drive
- Market: Coral Gables
- Asking Price: $5,200,000
- Square Footage: 3,826
- Price per Square Foot: $1,280
- Buyer: Leopoldo Baptista & Elisa Perez
- Seller: Alvaro Hernandez
- Broker Representatives: Alexandra Sierra & Renier Casanova - Compass
The key individuals in this transaction include the buyers, Leopoldo Baptista and Elisa Perez, who acquired the property from seller Alvaro Hernandez. The deal was facilitated by broker representatives Alexandra Sierra and Renier Casanova from Compass, contributing to the successful conclusion of this transaction.
Players
Coral Gables 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
3.24%
Cash-on-Cash
-0.93%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93