Related Group Acquires Coral Gables Single Family Property For $8.8M
SOLD
$8,800,000
Pennsylvania
See Similar DealsSold 11/02/2022
SOLD
Related Group Acquires Coral Gables Single Family Property For $8.8M
Coral Gables
See Similar DealsSold 11/02/2022
Summary
PENNSYLVANIA
Transaction Type:Sale
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
LENDER
Details
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Deal Type
30 years
10 years
Operating Income
Operating Expenses (Annual)
Net Operating Income (NOI)
$469,333.32
Debt Service Coverage Ratio (DSCR)
0.94x
Cap Rate
5.33%
Cash Flow (Annual)-$31,264.56
Cash-on-Cash Return-1.27%
Monthly Debt Service$41,716.49
Annual Debt Service$500,597.87
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