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5185 West Flagler Street

Gladys Acosta Purchases 22 Unit Multifamily Property In Miami From Rudy Corujo For $6.6M
SOLDMultiFamily

Gladys Acosta Purchases 22 Unit Multifamily Property In Miami From Rudy Corujo For $6.6M

5185 West Flagler Street

$6,600,000

$260/SF

Building Size

25,344 SF

Asset Type

MultiFamily

Closing

Sep 15, 2025

AI

The asset involved in this transaction is a multifamily property located at 5185 West Flagler Street in Miami. The property has a total of 22 units, encompassing a square footage of 25,344. The sale price of the property was $6,600,000, resulting in a price per unit of $300,000 and a price per square foot of $260.

Summary of transaction details:

  • Property Type: Multifamily
  • Transaction Amount: $6,600,000
  • Units: 22
  • Square Footage: 25,344
  • Price per Unit: $300,000
  • Price per Square Foot: $260
  • Buyer: Gladys Acosta
  • Seller: Rudy Corujo
  • Buyer's Representative: Yoana Toth - Toth Real Estate Group Inc.
  • Seller's Representative: Deme Mekras - MSP Group

The transaction was facilitated by Yoana Toth representing the buyer, Gladys Acosta, and Deme Mekras representing the seller, Rudy Corujo. MSP Group noted that this deal marks their latest achievement in the multifamily market of South Florida, highlighting the collaboration with a repeat client in the industry.

Players

Deme Mekras

MSP Group

Broker

$270.5M

vol

32 deals

Broker
MSP Group
MSP GroupBrokerage

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

2.40%

Cash-on-Cash

-0.69%

Monthly Payment

$14,164

Annual Debt Svc

$169,964

Annual Cash Flow

$-11,334

DSCR

0.93