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733 Almeria Ave Coral Gable...

Douglas Elliman Represents Buyer In $5M Condo Sale At 733 Almeria Avenue, Coral Gables
SOLDCondo

Douglas Elliman Represents Buyer In $5M Condo Sale At 733 Almeria Avenue, Coral Gables

733 Almeria Ave Coral Gables, FL 33134, USA

$5,000,000

$1,174/SF

Building Size

4,258 SF

Asset Type

Condo

Closing

Jun 26, 2023

AI

The recently closed property transaction in Coral Gables involved a condominium located at 733 Almeria Avenue. This condo spans 4,258 square feet and was sold for a total price of $5,000,000, resulting in a price per square foot of $1,174. The property boasts impressive features and is situated in a desirable market.

Summary of transaction details:

  • Property Type: Condo
  • Transaction Amount: $5,000,000
  • Address: 733 Almeria Avenue
  • Market: Coral Gables

Jorge Salazar from Douglas Elliman acted as the buyer's representative in this transaction, ensuring a smooth process and advocating for the buyer's interests. On the seller's side, Dorys Lizzette Martin Gonzalez enlisted the help of Giovanna Ingletto Amaral and Roberta Ingletto from RGI Realty. Together, they navigated the complexities of the transaction and facilitated a successful sale.

Players

Giovanna Ingletto Amaral

Broker

$11M

vol

2 deals

Broker

Miami Condo Market Snapshot

Boundary boundary · Condo · Sale transactions

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Purchase Price

Annual NOI

Loan Amount

Interest Rate (%)

Loan Term (yrs)

Down Payment (%)

Cap Rate

3.17%

Cash-on-Cash

-0.91%

Monthly Payment

$14,164

Annual Debt Svc

$169,964

Annual Cash Flow

$-11,334

DSCR

0.93