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5450 Banyan Drive

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

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

$352.3M

vol

51 deals

Broker

Coral Gables Single Family Market Snapshot

Boundary boundary · Single Family · Sale transactions

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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