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Coral Gables, FL, USA

Bar Invest Group Acquires Single Family Home In Coral Gables For $16M
SOLDSingle Family Residence

Bar Invest Group Acquires Single Family Home In Coral Gables For $16M

Coral Gables, FL, USA

$16,000,000

$2,285/SF

Building Size

7,000 SF

Asset Type

Single Family Residence

Closing

Sep 10, 2021

AI

A single-family property located in Coral Gables was recently sold for a total of $16,000,000. The property spans approximately 7,000 square feet, resulting in a price per square foot of $2,286. The transaction took place on 09/10/2021.

Summary of transaction details:

  • Property Type: Single Family
  • Transaction Amount: $16,000,000

The buyer in this transaction is Jeanne Barbera, represented by Jacques Barbera from Bar Invest Group. On the other hand, the seller is Dr. Brianna Varas, with Manny Varas from MV Group USA serving as their representative. Aurelio Leyva from Leyva International Realty acted as the buyer's representative.

Players

Aurelio Leyva

Broker

$44.9M

vol

3 deals

Broker
Bar Invest Group
Bar Invest GroupBuyer
Manny Varas

Manny Varas

MV Group USA

Seller

$28.2M

vol

4 deals

Seller

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

0.99%

Cash-on-Cash

-0.28%

Monthly Payment

$14,164

Annual Debt Svc

$169,964

Annual Cash Flow

$-11,334

DSCR

0.93