Pietro Belmonte & Jennifer Goldstein Acquire Multifamily Property In Coral Gables For $2.9M
SOLD
$2,865,000
Florida
See Similar DealsMultiFamily4,397 SF
Sold 01/19/2021
SOLD
Pietro Belmonte & Jennifer Goldstein Acquire Multifamily Property In Coral Gables For $2.9M
1346 South Greenway Drive, Coral Gables, FL, USA
See Similar DealsMultiFamily4,397 SF
Sold 01/19/2021
Summary
FLORIDA
Asset Type:MultiFamily
Price Per Square Foot:$651
Total Square Footage:4,397 SF
Transaction Type:Sale
A multifamily property located at 1346 S. Greenway Drive in Coral Gables was recently sold for $2,865,000. The property spans 4,397 square feet and was sold at an asking price of $2,898,000. This translates to a price per square foot of $652.
Summary of transaction details
- Property Type: Multifamily
- Transaction Amount: $2,865,000
- Address: 1346 S. Greenway Drive
- Market: Coral Gables
The sale of this property was facilitated by brokers Pietro Belmonte and Jennifer Goldstein. They represented the parties involved in the transaction and played key roles in ensuring its successful completion.
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Deal Type
30 years
10 years
Operating Income
Operating Expenses (Annual)
Net Operating Income (NOI)
$152,800.01
Debt Service Coverage Ratio (DSCR)
0.94x
Cap Rate
5.33%
Cash Flow (Annual)-$10,178.73
Cash-on-Cash Return-1.27%
Monthly Debt Service$13,581.56
Annual Debt Service$162,978.74
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