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
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