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5450 Banyan Drive

Updated Dec 4, 2024

Carolyn & Nancy Batchelor - Compass Close $7.5M Single Family Deal
SOLDSingle Family

Carolyn & Nancy Batchelor - Compass Close $7.5M Single Family Deal

5450 Banyan Drive

$7,500,000

$1,862/SF

Building Size

4,026 SF

Asset Type

Single Family

Closing

Jun 17, 2024

About this deal

AI

The Single Family property located at 5450 Banyan Drive in Coral Gables was sold for $7,500,000. The transaction took place on 06/17/2024, with Carolyn Batchelor & Nancy Batchelor of Compass representing the buyer, Carlos Santiago, as the seller. The property spans 4,026 square feet, resulting in a price per square foot of $1,863.

Summary of transaction details:

  • Property Type: Single Family
  • Transaction Amount: $7,500,000
  • Address: 5450 Banyan Drive
  • Market: Coral Gables
  • Square Footage: 4,026
  • Seller: Carlos Santiago
  • Buyer's Rep: Carolyn Batchelor & Nancy Batchelor - Compass

Carolyn Batchelor & Nancy Batchelor from Compass served as the buyer's representatives in the sale of this property. The deal was finalized at the asking price of $7,500,000, reflecting a price per square foot of $1,863. This transaction showcases the key roles played by the parties involved in the successful sale of the Single Family asset in Coral Gables.

Players

Nancy Batchelor

Compass

Broker

$369.6M

vol

53 deals

Broker

Coral Gables Single Family Market Snapshot

Boundary boundary · Single Family · Sale transactions

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Deal FAQ

About $1.9K per square foot on a published $7.5M for 4,026 square feet (2024).

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Purchase Price

Annual NOI

Loan Amount

Interest Rate (%)

Loan Term (yrs)

Down Payment (%)

Cap Rate

2.12%

Cash-on-Cash

-0.60%

Monthly Payment

$14,164

Annual Debt Svc

$169,964

Annual Cash Flow

$-11,334

DSCR

0.93

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