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301 Altara Avenue, Coral Ga...

Astor Companies Sells Condo On Altara Ave, Coral Gables For $2.05M
SOLD

Astor Companies Sells Condo On Altara Ave, Coral Gables For $2.05M

301 Altara Avenue, Coral Gables, FL 33146

$2,050,000

$687/SF

Building Size

2,983 SF

Asset Type

Closing

Aug 23, 2021

AI

Located at 301 Altara Ave in Coral Gables, this recently sold condo is an attractive property asset. The transaction took place on August 23, 2021, and the sale price was $2,050,000. The condo spans 2,983 square feet, resulting in a price per square foot of $687. The seller of the condo was Astor Companies, represented by Henry Torres. On the buyer's side, Truth Fisher and Volker Bargenda acquired the property, with their representative being Eric Torrente from Coldwell Banker Realty.

Summary of transaction details

  • Property Type: Condo
  • Transaction Amount: $2,050,000
  • Date: 08/23/2021
  • Address: 301 Altara Ave, Coral Gables
  • Square Footage: 2,983
  • Price per Square Foot: $687
  • Seller: Astor Companies - Henry Torres
  • Buyer: Truth Fisher - Volker Bargenda
  • Buyer's Representative: Eric Torrente - Coldwell Banker Realty

The successful deal between Astor Companies and the buyer, represented by Eric Torrente from Coldwell Banker Realty, highlights the demand for desirable condos in Coral Gables. The transaction was executed at a sale price of $2,050,000, and the buyer's representatives, Truth Fisher and Volker Bargenda, ensured a smooth negotiation process. This sale presents an opportunity for both parties to maximize their investments and further contributes to the thriving real estate market in the area.

Players

Eric Torrente

Compass

Broker

$8.6M

vol

3 deals

Broker
Henry Torres

Henry Torres

Seller

$226.6M

vol

7 deals

Seller

Coral Gables 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

7.74%

Cash-on-Cash

-2.21%

Monthly Payment

$14,164

Annual Debt Svc

$169,964

Annual Cash Flow

$-11,334

DSCR

0.93