Updated Aug 18, 2026
Guss Lessa Acquires MultiFamily Asset In Coral Gables From Steven Oliveira For $4,525,000
115 Menores Ave
$4,525,000
$743/SF
Building Size
6,086 SF
Asset Type
MultiFamily
Closing
Mar 16, 2021
About this deal
AI
The property asset involved in this transaction is a multifamily building located at 115 Menores Ave, Coral Gables. The total square footage of the property is 6,086, and it was sold for $4,525,000.00.
Summary of transaction details:
- Property Type: MultiFamily
- Transaction Amount: $4,525,000.00
- Address: 115 Menores Ave
- Market: Coral Gables
- Square Footage: 6,086
- Buyer: Guss Lessa
- Seller: Steven Oliveira
- Brokers: Arthur Porosoff, Joseph Thomas (Marcus & Millichap)
Guss Lessa acted as the buyer in this transaction, while Steven Oliveira was the seller. The brokers representing the deal were Arthur Porosoff and Joseph Thomas from Marcus & Millichap.
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
3.51%
Cash-on-Cash
-1.00%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93