Jorge Mena Purchases 12-Unit Multifamily Property From Jonathan Vilma For $3.5M In Coral Gables
SOLD
$3,500,000
Florida
See Similar DealsMultiFamily9,600 SF
Sold 05/09/2025
SOLD
Jorge Mena Purchases 12-Unit Multifamily Property From Jonathan Vilma For $3.5M In Coral Gables
130 Antiquera Avenue
See Similar DealsMultiFamily9,600 SF
Sold 05/09/2025
Summary
FLORIDA
Asset Type:MultiFamily
Price Per Square Foot:$364
Total Square Footage:9,600 SF
Transaction Type:Sale
130 Antiquera Avenue is a 12-unit multifamily property located in Coral Gables, with a sale price of $3,500,000. The property spans a total area of 9,600 square feet, translating to a price per unit of $291,666 and a price per square foot of $364.
Summary of transaction details:
- Property Type: Multifamily
- Transaction Amount: $3,500,000
- Units: 12
- Square Footage: 9,600
- Price per Unit: $291,666
- Price per Square Foot: $364
- Buyer: Jorge Mena
- Seller: Jonathan Vilma
- Broker Representatives: Vicente Rodriguez & Christopher Canizares - Fausto Commercial Realty Consultants
- Date of Sale: 5/9/2025
- Market: Coral Gables
Vicente Rodriguez and Christopher Canizares successfully represented Jonathan Vilma, the seller, in this transaction. Fausto Commercial Realty is pleased to confirm the completion of this sale.
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Deal Type
30 years
10 years
Operating Income
Operating Expenses (Annual)
Net Operating Income (NOI)
$186,666.67
Debt Service Coverage Ratio (DSCR)
0.94x
Cap Rate
5.33%
Cash Flow (Annual)-$12,434.75
Cash-on-Cash Return-1.27%
Monthly Debt Service$16,591.79
Annual Debt Service$199,101.43
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