Serge Vallet Acquires Multifamily Property In Coral Gables For $1.1M
300 Mendoza Avenue
$1,100,000
$314/SF
Building Size
3,500 SF
Asset Type
MultiFamily
Closing
Jan 25, 2023
AI
A multifamily property located at 300 Mendoza Avenue in Coral Gables has been sold for a total price of $1,100,000. The property consists of 4 units, with each unit having a price per unit of $275,000. The total square footage of the property is 3,500, resulting in a price per square foot of $314.
Summary of transaction details
- Property Type: Multifamily
- Transaction Amount: $1,100,000
- Address: 300 Mendoza Avenue, Coral Gables
- Market: Coral Gables
Serge Vallet has purchased the property from Stefano Morselli. The buyer was represented by Leor Fidler from Silmar Realty.
Market 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
14.42%
Cash-on-Cash
-4.12%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93