Roberto Beraja Acquires Coral Gables Multifamily From Alejandro Miguel For $2 Million
SOLD
$2,000,000
Florida
See Similar DealsMultiFamily5,400 SF
Sold 03/07/2025
SOLD
Roberto Beraja Acquires Coral Gables Multifamily From Alejandro Miguel For $2 Million
504 Santander Avenue
See Similar DealsMultiFamily5,400 SF
Sold 03/07/2025
Summary
FLORIDA
Asset Type:MultiFamily
Price Per Square Foot:$370
Total Square Footage:5,400 SF
Transaction Type:Sale
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.
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Deal Type
30 years
10 years
Operating Income
Operating Expenses (Annual)
Net Operating Income (NOI)
$106,666.67
Debt Service Coverage Ratio (DSCR)
0.94x
Cap Rate
5.33%
Cash Flow (Annual)-$7,105.57
Cash-on-Cash Return-1.27%
Monthly Debt Service$9,481.02
Annual Debt Service$113,772.24
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