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:
- Property Type: MultiFamily
- Transaction Amount: $1,750,000.00
- Address: 331 Madeira Ave
- Market: Coral Gables
- Asset Square Footage: 4,906
- Buyer: Erwin Sredni
- Seller: Humberto Gonzalez
- Brokers: Arthur Porosoff, Vicente Rodriguez (Fausto Commercial Realty Consultants)
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
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