Updated Aug 18, 2026
Alfredo Borges Purchases MultiFamily Asset From Gregory Tagaris For $2,750,000 In Coral Gables
624-628 Santander Ave
$2,750,000
$192/SF
Building Size
14,296 SF
Asset Type
MultiFamily
Closing
Jun 25, 2018
About this deal
AI
The property asset involved in the transaction is a MultiFamily type located at 624-628 Santander Ave in the Coral Gables market. It encompasses a total square footage of 14,296 and was sold for $2,750,000.00.
Summary of transaction details:
- Property Type: MultiFamily
- Transaction Amount: $2,750,000.00
- Address: 624-628 Santander Ave
- Market: Coral Gables
- Square Footage: 14,296
- Buyer: Alfredo Borges
- Seller: Gregory Tagaris
- Broker: Arthur Porosoff
This transaction highlights the key individuals involved, including Alfredo Borges as the buyer and Gregory Tagaris as the seller. Arthur Porosoff served as the broker representing the transaction, facilitating the deal in the Coral Gables market.
On the Map
$2,750,000
$192/SF
MultiFamily
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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
5.77%
Cash-on-Cash
-1.65%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93