Shahal Khan Acquires Single Family Property On Arbor Lane In Coral Gables For $9.9M
SOLD
$9,875,000
Florida
See Similar DealsSingle Family5,782 SF
Sold 01/23/2024
SOLD
Shahal Khan Acquires Single Family Property On Arbor Lane In Coral Gables For $9.9M
5601 Arbor Lane
See Similar DealsSingle Family5,782 SF
Sold 01/23/2024
Summary
FLORIDA
Asset Type:Single Family
Price Per Square Foot:$1,707
Total Square Footage:5,782 SF
Transaction Type:Sale
The property involved in this closed transaction is a single-family home located at 5601 Arbor Lane in Coral Gables. The property spans across 5,782 square feet and was sold for a price of $9,875,000, resulting in a price per square foot of $1,708.
Summary of transation details
- Property Type: Single Family
- Transaction Amount: $9,875,000
- Square Footage: 5,782
- Price per Square Foot: $1,708
- Date: 01/23/2024
- Address: 5601 Arbor Lane, Coral Gables
Shahal Khan was the buyer in this transaction, while Clinton Biondo was the seller. The buyer was represented by Jill Velarde from Waterfront Investment Real Estate.
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Deal Type
30 years
10 years
Operating Income
Operating Expenses (Annual)
Net Operating Income (NOI)
$526,666.68
Debt Service Coverage Ratio (DSCR)
0.94x
Cap Rate
5.33%
Cash Flow (Annual)-$35,083.77
Cash-on-Cash Return-1.27%
Monthly Debt Service$46,812.54
Annual Debt Service$561,750.46
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