Updated Sep 9, 2024
James Michael O'Mara & Noelle Lynn Amador O'Mara Acquire Multifamily Property On Ferdinand Street In Coral Gables For $1.6M
1203 Ferdinand Street
$1,600,000
$484/SF
Building Size
3,301 SF
Asset Type
MultiFamily
Closing
Oct 3, 2022
About this deal
AI
A multifamily property located at 1203 Ferdinand Street in Coral Gables, FL has been sold for $1,600,000. The property spans 3,301 square feet and was sold at a price per square foot of $485.
Summary of transaction details
- Property Type: Multifamily
- Transaction Amount: $1,600,000
- Address: 1203 Ferdinand Street, Coral Gables, FL
- Market: Coral Gables, FL
The buyer of the property is James Michael O'Mara and Noelle Lynn Amador O'Mara. The seller of the property is Joshua S. Sher. The transaction was facilitated by Albert Babani of LUXE Properties.
Players
Miami 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
9.91%
Cash-on-Cash
-2.83%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93