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:
- Property Type: MultiFamily
- Transaction Amount: $2,800,000.00
- Address: 216 Calabria Ave
- Market: Coral Gables
- Asset Size: 13,812 SF
- Buyer: Ramon Mijares
- Seller: Gregory Tagaris
- Broker: Arthur Porosoff
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
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
5.67%
Cash-on-Cash
-1.62%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93