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331 Madeira Ave

Erwin Sredni Purchases 331 Madeira Ave Multifamily Property In Coral Gables For $1,750,000
SOLDMultiFamily

Erwin Sredni Purchases 331 Madeira Ave Multifamily Property In Coral Gables For $1,750,000

331 Madeira Ave

$1,750,000

$356/SF

Building Size

4,906 SF

Asset Type

MultiFamily

Closing

Jun 16, 2017

AI

The property involved in this transaction is a MultiFamily asset located at 331 Madeira Ave in Coral Gables. The total square footage of the asset is 4,906, and it has a transaction price of $1,750,000.00.

Summary of transaction details:

In this transaction, Erwin Sredni acquired the property from seller Humberto Gonzalez, facilitated by brokers Arthur Porosoff and Vicente Rodriguez from Fausto Commercial Realty Consultants, ensuring a successful deal completion.

Players

Vicente Rodriguez

Fausto Commercial Realty Consultants

Broker

$63.5M

vol

16 deals

Broker

Erwin Sredni

Buyer

$14.4M

vol

2 deals

Buyer

Humberto Gonzalez

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

9.06%

Cash-on-Cash

-2.59%

Monthly Payment

$14,164

Annual Debt Svc

$169,964

Annual Cash Flow

$-11,334

DSCR

0.93