Derek Jeter Acquires Development Site In Coral Gables For $16.6M
SOLD
$16,600,000
+ 5
Florida
See Similar DealsSingle Family Residence7,000 SF
Sold 04/12/2021
SOLD
Derek Jeter Acquires Development Site In Coral Gables For $16.6M
Coral Gables, Fl, Usa
See Similar DealsSingle Family Residence7,000 SF
Sold 04/12/2021
+ 5
Summary
FLORIDA
Asset Type:Single Family Residence
Price Per Square Foot:$2,371
Total Square Footage:7,000 SF
Transaction Type:Sale
Derek Jeter has recently purchased a development site in Coral Gables for $16,600,000. The property spans across 2 acres, resulting in a price per acre (PPA) of $8,300,000. The transaction took place on April 12, 2021.
Summary of transaction details:
- Property Type: Development Site
- Transaction Amount: $16,600,000
- Acres: 2
- Price per Acre (PPA): $8,300,000
- Market: Coral Gables
- Buyer: Derek Jeter
- Seller: Carlos Bardagi
- Buyer's Representative: Alex Pirez - Mocca Realty, LLC
- Seller's Representative: Ralph Arias - ONE Sotheby's International Realty
The buyer, Derek Jeter, was represented by Alex Pirez from Mocca Realty, LLC, while the seller, Carlos Bardagi, was represented by Ralph Arias from ONE Sotheby's International Realty.
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Deal Type
30 years
10 years
Operating Income
Operating Expenses (Annual)
Net Operating Income (NOI)
$885,333.32
Debt Service Coverage Ratio (DSCR)
0.94x
Cap Rate
5.33%
Cash Flow (Annual)-$58,976.31
Cash-on-Cash Return-1.27%
Monthly Debt Service$78,692.47
Annual Debt Service$944,309.63
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