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
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