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:
- Property Type: MultiFamily
- Transaction Amount: $6,281,000.00
- Address: 800-801 Capri St
- Market: Coral Gables
- Buyer: Alfred Sayegh
- Seller: Andrew Mason
- Brokers: Arthur Porosoff (Marcus & Millichap), Drew Kristol (Marcus & Millichap), Kirk Olson (Marcus & Millichap)
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
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