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24 Calabria Ave

Alfred Sayegh Acquires MultiFamily Asset From Richard Berenson In Coral Gables For $2,145,000
SOLDMultiFamily

Alfred Sayegh Acquires MultiFamily Asset From Richard Berenson In Coral Gables For $2,145,000

24 Calabria Ave

$2,145,000

$191/SF

Building Size

11,186 SF

Asset Type

MultiFamily

Closing

Jul 23, 2014

AI

The property involved in this transaction is a MultiFamily asset located at 24 Calabria Ave, Coral Gables. The property encompasses a total square footage of 11,186 and was sold for $2,145,000.00.

Summary of transaction details:

The deal featured key individuals, with Alfred Sayegh acting as the buyer and Richard Berenson as the seller. The transaction was represented by brokers Arthur Porosoff and Paul Nudelman, facilitating the completion of the sale.

Players

Arthur Porosoff

Broker
Broker

Alfred Sayegh

Buyer

$25.1M

vol

3 deals

Buyer

Richard Berenson

Seller
Seller

Miami 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

7.40%

Cash-on-Cash

-2.11%

Monthly Payment

$14,164

Annual Debt Svc

$169,964

Annual Cash Flow

$-11,334

DSCR

0.93