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800-801 Capri St

Alfred Sayegh Acquires Multifamily Asset From Andrew Mason For $6,281,000 In Coral Gables
SOLDMultiFamily

Alfred Sayegh Acquires Multifamily Asset From Andrew Mason For $6,281,000 In Coral Gables

800-801 Capri St

$6,281,000

$99/SF

Building Size

62,942 SF

Asset Type

MultiFamily

Closing

May 7, 2014

AI

The multi-family property located at 800-801 Capri St in Coral Gables has a total square footage of 62,942. The transaction was completed with a sale price of $6,281,000.00.

Summary of transaction details:

This transaction involved Alfred Sayegh as the buyer and Andrew Mason as the seller, facilitated by brokers Arthur Porosoff, Drew Kristol, and Kirk Olson from Marcus & Millichap. The deal highlights the expertise of the brokers in navigating the multi-family market in Coral Gables.

Players

Drew Kristol

Marcus & Millichap

Broker

$597.4M

vol

50 deals

Broker

Alfred Sayegh

Buyer

$25.1M

vol

3 deals

Buyer

Andrew Mason

Seller
Seller

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

2.53%

Cash-on-Cash

-0.72%

Monthly Payment

$14,164

Annual Debt Svc

$169,964

Annual Cash Flow

$-11,334

DSCR

0.93