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Coral Gables

Related Group Acquires Coral Gables Single Family Property For $8.8M
SOLD

Related Group Acquires Coral Gables Single Family Property For $8.8M

Coral Gables

$8,800,000

Building Size

Asset Type

Closing

Nov 2, 2022

AI

A single-family property in Coral Gables has been sold for $8,800,000. The property, which sits on 1.4 acres of land, spans 3,298 square feet with a price per square foot of $2,668. The transaction took place on 02/11/2022.

Summary of transaction details

  • Property Type: Single Family
  • Transaction Amount: $8,800,000
  • Market: Coral Gables
  • Acres: 1.4

Jon Paul Pérez from the Related Group represented the buyer in the deal. The seller, Pericles Tessaromatis, was represented by Riley Smith from Berkshire Hathaway HomeServices EWM Realty. Dennis Carvajal from One Sotheby’s International Realty served as the buyer's representative.

Players

Dennis Carvajal

One Sotheby’s International Realty

Broker

$270.7M

vol

14 deals

Broker
Jon Paul Pérez

Jon Paul Pérez

Related Group

Buyer

$3B

vol

32 deals

Buyer
Related Group
Related GroupLender

Coral CRE Market Snapshot

Boundary boundary · CRE · Sale transactions

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Purchase Price

Annual NOI

Loan Amount

Interest Rate (%)

Loan Term (yrs)

Down Payment (%)

Cap Rate

1.80%

Cash-on-Cash

-0.52%

Monthly Payment

$14,164

Annual Debt Svc

$169,964

Annual Cash Flow

$-11,334

DSCR

0.93