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504 Santander Avenue

Roberto Beraja Acquires Coral Gables Multifamily From Alejandro Miguel For $2 Million
SOLDMultiFamily

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

Rafael Fermoselle

ElevenTrust Real Estate Services

Broker

$109.6M

vol

22 deals

Broker

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