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216 Calabria Ave

Ramon Mijares Purchases MultiFamily Asset In Coral Gables From Gregory Tagaris For $2,800,000
SOLDMultiFamily

Ramon Mijares Purchases MultiFamily Asset In Coral Gables From Gregory Tagaris For $2,800,000

216 Calabria Ave

$2,800,000

$202/SF

Building Size

13,812 SF

Asset Type

MultiFamily

Closing

May 11, 2018

AI

The property asset involved in this transaction is a multi-family building located at 216 Calabria Ave in the Coral Gables market. It was sold for a total price of $2,800,000.00, with a square footage of 13,812.

Summary of transaction details:

The deal features Ramon Mijares as the buyer, who completed the purchase from seller Gregory Tagaris. The transaction was facilitated by broker Arthur Porosoff, representing the interests of the parties involved in this deal.

Players

Arthur Porosoff

Broker
Broker

Ramon Mijares

Buyer
Buyer

Gregory Tagaris

Seller

$4.1M

vol

1 deal

Seller

Coral Gables MultiFamily Market Snapshot

Boundary boundary · MultiFamily · Sale transactions

Loading comparables…

Purchase Price

Annual NOI

Loan Amount

Interest Rate (%)

Loan Term (yrs)

Down Payment (%)

Cap Rate

5.67%

Cash-on-Cash

-1.62%

Monthly Payment

$14,164

Annual Debt Svc

$169,964

Annual Cash Flow

$-11,334

DSCR

0.93