Updated Oct 29, 2024
Adar Galiano 1091 LLC Acquires Multifamily Property In Coral Gables For $11.1M
1091 Galiano St, Coral Gables, FL 33134, USA
$11,100,000
$593/SF
Building Size
18,710 SF
Asset Type
MultiFamily
Closing
Jun 14, 2020
About this deal
AI
The sale of a multifamily property located at 1091 Galiano Street in Coral Gables has been successfully completed. The transaction took place on 06/15/2020.
Summary of transaction details
- Property Type: Multifamily
- Transaction Amount: $11,100,000
- Square Footage: 18,710
- Price per Square Foot: $593
- Buyer: Adar Galiano 1091 LLC – Jonatan Sredni
- Seller: 1091 Galiano Investments LLC – Daniela Carozzi
- Brokers: Landy Toledo – Marcus & Millichap, Dolores Urdapilleta – Urdapilleta Real Estate
The property at 1091 Galiano Street, Coral Gables, offers a total of 18,710 square feet and was sold for $11,100,000, resulting in a price per square foot of $593. It was bought by Adar Galiano 1091 LLC, represented by Jonatan Sredni. The seller, 1091 Galiano Investments LLC, was represented by Daniela Carozzi. The transaction was facilitated by Landy Toledo from Marcus & Millichap and Dolores Urdapilleta from Urdapilleta Real Estate.
On the Map
$11,100,000
$593/SF
MultiFamily
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Players
Coral Gables MultiFamily Market Snapshot
Boundary boundary · MultiFamily · Sale transactions
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Purchase Price
Annual NOI
Loan Amount
Interest Rate (%)
Loan Term (yrs)
Down Payment (%)
Cap Rate
1.43%
Cash-on-Cash
-0.41%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93