Vanessa Gomez Of Engel&Völkers Miami Facilitates $6,095,000 Sale In Coral Gables And Miami
918 Santiago Street, 488 Northeast 18th Street & 488 Northeast 18th Street
$6,095,000
$1,092/SF
Building Size
2,801 SF
Asset Type
Other
Closing
Aug 14, 2026
About this deal
AI
The transaction involves multiple units located at 918 Santiago Street and 488 Northeast 18th Street, specifically Unit 5012 and Unit 3903, encompassing a total of 5,578 square feet. The sale price was set at $6,095,000, translating to a price per square foot of $1,093. The properties are situated in the Coral Gables and Miami markets, categorized under the asset type of Other.
Summary of transaction details:
- Property Type: Other
- Transaction Amount: $6,095,000
- Address: 918 Santiago Street, 488 Northeast 18th Street Unit 5012 & 488 Northeast 18th Street Unit 3903
- Market: Coral Gables & Miami
- Square Footage: 5,578
- Price Per Square Foot: $1,093
- Broker: Vanessa Gomez - Engel&Völkers Miami
- Transaction Date: 08/14/2026
Vanessa Gomez represented Engel & Völkers Miami in this transaction, highlighting the company's ongoing expansion in the luxury real estate market. Their operations are supported by License Partners Daniel Nault and Vanessa Gomez, underscoring a combination of local expertise and international connections within a growing team of accomplished Advisors.
Coral Gables Other Market Snapshot
Boundary boundary · Other · Sale transactions
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Purchase Price
Annual NOI
Loan Amount
Interest Rate (%)
Loan Term (yrs)
Down Payment (%)
Cap Rate
2.60%
Cash-on-Cash
-0.74%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93