Updated Sep 9, 2024
Omar Bonnin Of Prestige Realty Group Sells MultiFamily Property In Coral Gables For $2.4M
444 Ponce de Leon Coral Gables, FL 33134, USA
$2,400,000
$341/SF
Building Size
7,036 SF
Asset Type
MultiFamily
Closing
Jun 26, 2023
About this deal
AI
A multi-family property located at 444 Ponce De Leon Boulevard in Coral Gables has been sold for a price of $2,400,000. The property consists of 12 units, with a price per unit of $200,000. It spans a total square footage of 7,036, resulting in a price per square foot of $341.
Summary of transaction details:
- Property Type: MultiFamily
- Transaction Amount: $2,400,000
- Address: 444 Ponce De Leon Boulevard, Coral Gables
- Units: 12
- Price per Unit: $200,000
- Total Square Footage: 7,036
- Price per Square Foot: $341
Omar Bonnin from Prestige Realty Group represented the seller in this transaction.
Miami MultiFamily Market Snapshot
Boundary boundary · MultiFamily · Sale transactions
Loading comparables…
Deal FAQ
Visit Omar Bonnin to view all their deals.
Browse Miami multifamily sales on Traded.
Purchase Price
Annual NOI
Loan Amount
Interest Rate (%)
Loan Term (yrs)
Down Payment (%)
Cap Rate
6.61%
Cash-on-Cash
-1.89%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93