Updated Sep 9, 2024
Pietro Belmonte & Jennifer Goldstein Acquire Multifamily Property In Coral Gables For $2.9M
1346 South Greenway Drive, Coral Gables, FL, USA
$2,865,000
$651/SF
Building Size
4,397 SF
Asset Type
MultiFamily
Closing
Jan 18, 2021
About this deal
AI
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.
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
5.54%
Cash-on-Cash
-1.58%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93