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624-628 Santander Ave

Alfredo Borges Purchases MultiFamily Asset From Gregory Tagaris For $2,750,000 In Coral Gables
SOLDMultiFamily

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

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:

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.

Players

Arthur Porosoff

Broker
Broker

Alfredo Borges

Buyer

$1.1M

vol

1 deal

Buyer

Gregory Tagaris

Seller

$4.1M

vol

1 deal

Seller

Coral Gables MultiFamily Market Snapshot

Boundary boundary · MultiFamily · Sale transactions

Loading comparables…

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