Updated Sep 5, 2024
Derek Jeter Acquires Development Site In Coral Gables For $16.6M
Coral Gables, Fl, Usa
$16,600,000
$2,371/SF
Building Size
7,000 SF
Asset Type
Single Family Residence
Closing
Apr 11, 2021
About this deal
AI
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.
On the Map
$16,600,000
$2,371/SF
Single Family Residence
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Players
Miami Single Family Residence Market Snapshot
Boundary boundary · Single Family Residence · Sale transactions
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Deal FAQ
About $2.4K per square foot on a published $16.6M for 7,000 square feet (2021).
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Purchase Price
Annual NOI
Loan Amount
Interest Rate (%)
Loan Term (yrs)
Down Payment (%)
Cap Rate
0.96%
Cash-on-Cash
-0.27%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93