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300 Mendoza Avenue

Serge Vallet Acquires Multifamily Property In Coral Gables For $1.1M
SOLDMultiFamily

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.

Players

Leor Fidler

Silmar Realty

Broker

$9M

vol

9 deals

Broker

Serge Vallet

Buyer

$3.1M

vol

3 deals

Buyer

Market 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

14.42%

Cash-on-Cash

-4.12%

Monthly Payment

$14,164

Annual Debt Svc

$169,964

Annual Cash Flow

$-11,334

DSCR

0.93