Updated Oct 28, 2024
Oasis-K-Apartments Inc. Acquires Multifamily Property In Coral Gables For $6M
1208 Salzedo Street, Coral Gables, FL 33134, USA
$6,000,000
$296/SF
Building Size
20,267 SF
Asset Type
MultiFamily
Closing
Nov 30, 2021
About this deal
AI
A multifamily property located at 1208 Salzedo St in Coral Gables has been sold for $6,000,000. The property spans 20,267 square feet, resulting in a price per square foot of $296. The transaction took place on November 30, 2021. The buyer, Oasis-K-Apartments Inc., was represented by Jorge Khuly. The seller, 90 Properties Salzedo LLC, was represented by Jaime Brugos. Rosa Besu from Epic Capital Realty served as the broker for the deal.
Summary of transaction details
- Property Type: Multifamily
- Transaction Amount: $6,000,000
- Address: 1208 Salzedo St, Coral Gables
- Market: Coral Gables
- Buyer: Oasis-K-Apartments Inc. - Jorge Khuly
- Seller: 90 Properties Salzedo LLC - Jaime Brugos
- Broker: Epic Capital Realty - Rosa Besu
Oasis-K-Apartments Inc., represented by Jorge Khuly, acquired the multifamily property located at 1208 Salzedo St in Coral Gables. On the other side, 90 Properties Salzedo LLC, represented by Jaime Brugos, served as the seller. The transaction, facilitated by broker Rosa Besu from Epic Capital Realty, closed on November 30, 2021.
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
2.64%
Cash-on-Cash
-0.76%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93