Updated Oct 29, 2024
Capri Elite Holdings Buys MultiFamily Property In Coral Gables For $8.6M
801 Capri St, Miami, FL, 33134
$8,600,000
$150/SF
Building Size
57,000 SF
Asset Type
MultiFamily
Closing
Oct 30, 2017
About this deal
AI
The multifamily property located at 801 Capri St in Coral Gables, FL, 33134 was sold for $8,600,000.00. The property consists of two buildings totaling approximately 57,000 square feet. Capri Elite Holdings LLC purchased the buildings from Capri Street Partners.
Summary of transaction details:
- Property Type: MultiFamily
- Transaction Amount: $8,600,000.00
- Address: 801 Capri St, Miami, FL, 33134
- Market: Coral Gables
- Buyer: Capri Elite Holdings LLC
- Seller: Capri Street Partners
- SF: 57000
Alfred Sayegh's New York-based Capri Street Partners sold the properties to Capri Elite Holdings LLC, led by Ivan Ryabushkin. The buyer was represented by Matthew Martinez of Beacon Hill Property Group, while the seller was represented by Leslie S. Cooper from One Commercial and Jesse Spencer from Compass.
On the Map
$8,600,000
$150/SF
MultiFamily
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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
1.84%
Cash-on-Cash
-0.53%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93