Roberto Beraja Acquires Coral Gables Multifamily From Alejandro Miguel For $2 Million
504 Santander Avenue
$2,000,000
$370/SF
Building Size
5,400 SF
Asset Type
MultiFamily
Closing
Mar 7, 2025
AI
The property involved in this transaction is a multifamily asset located at 504 Santander Avenue in the Coral Gables market. The sale price of the property was $2,000,000, consisting of 8 units with a price per unit of $250,000. The total square footage of the asset is 5,400, resulting in a price per square foot of $370.
Summary of transaction details:
- Property Type: Multifamily
- Transaction Amount: $2,000,000
- Units: 8
- Price Per Unit: $250,000
- Square Footage: 5,400
- Price Per Square Foot: $370
- Buyer: Roberto Beraja
- Seller: Alejandro Miguel
- Broker: Rafael Fermoselle & Sharif Bula - ElevenTrust Real Estate Services
Rafael Fermoselle and Sharif Bula represented ElevenTrust Real Estate Services in this transaction, facilitating the deal between the buyer, Roberto Beraja, and the seller, Alejandro Miguel. Their involvement was key in the successful completion of this sale within the multifamily sector in Coral Gables.
Players
Coral Gables 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
7.93%
Cash-on-Cash
-2.27%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93