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Cocoplum, Coral Gables, FL,...

Rishi Kapoor's Location Ventures Acquires Single-Family Home In Cocoplum, Coral Gables
SOLDSingle Family Residence

Rishi Kapoor's Location Ventures Acquires Single-Family Home In Cocoplum, Coral Gables

Cocoplum, Coral Gables, FL, USA

$5,970,000

$983/SF

Building Size

6,069 SF

Asset Type

Single Family Residence

Closing

Nov 8, 2021

AI

A single-family property located in Cocoplum, Coral Gables has been sold for a price of $5,970,000. The transaction took place on 11/08/2021. The property spans an area of 6,069 square feet, resulting in a price per square foot of $984. The buyer in this deal is Rishi Kapoor of Location Ventures, while the seller is Emilio Antelo. Representing the buyer is Maurice & Silvia Boschetti of Boschetti Realty Group, and representing the seller is Francis Pimentel de Matos & Maria de Armas, also of Boschetti Realty Group.

Summary of transaction details

  • Property Type: Single-Family
  • Transaction Amount: $5,970,000
  • Market: Cocoplum, Coral Gables
  • Asset Type: Single-Family
  • Buyer: Rishi Kapoor - Location Ventures
  • Seller: Emilio Antelo
  • Buyer's Rep: Maurice & Silvia Boschetti - Boschetti Realty Group
  • Seller's Rep: Francis Pimentel de Matos & Maria de Armas - Boschetti Realty Group
  • Square Footage: 6,069
  • Price per Square Foot: $984

With this transaction, Rishi Kapoor of Location Ventures acquires the single-family property located in Cocoplum, Coral Gables. Emilio Antelo serves as the seller. Representing the buyer is Maurice & Silvia Boschetti of Boschetti Realty Group, while Francis Pimentel de Matos & Maria de Armas, also of Boschetti Realty Group, represent the seller. This sale marks another successful deal in the real estate market, demonstrating the ongoing activity and interest in the Cocoplum area.

Players

Silvia Boschetti

Broker

$26.7M

vol

3 deals

Broker
Boschetti Realty Group
Boschetti Realty GroupBrokerage
Rishi Kapoor

Rishi Kapoor

Location Ventures

Buyer

$1.9B

vol

16 deals

Buyer

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

2.66%

Cash-on-Cash

-0.76%

Monthly Payment

$14,164

Annual Debt Svc

$169,964

Annual Cash Flow

$-11,334

DSCR

0.93