Design Week International Inc. Purchases Single Family Residence From Tobias Muhlhofer For $1.37M
909 Roderigo Avenue
$1,372,500
$696/SF
Building Size
1,971 SF
Asset Type
Single Family Residence
Closing
Aug 23, 2023
AI
The asset involved in this transaction is a Single Family Residence located at 909 Roderigo Avenue in the Coral Gables market. The property was sold for $1,372,500.00 and has a total square footage of 1,971.0.
Summary of transaction details:
- Property Type: Single Family Residence
- Transaction Amount: $1,372,500.00
- Address: 909 Roderigo Avenue
- Market: Coral Gables
- Square Footage: 1,971.0
- Buyer: Design Week International Inc.
- Seller: Tobias Muhlhofer
- Broker: Charlie Rua - Rua Realty
- Broker: Sandy Dimitris
This transaction was facilitated by Charlie Rua representing Rua Realty and Sandy Dimitris, who played a role in the deal as well. The involvement of these brokers was crucial in bringing the buyer, Design Week International Inc., and the seller, Tobias Muhlhofer, together in this sale.
Players
Coral Gables Single Family Residence Market Snapshot
Boundary boundary · Single Family Residence · Sale transactions
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Purchase Price
Annual NOI
Loan Amount
Interest Rate (%)
Loan Term (yrs)
Down Payment (%)
Cap Rate
11.56%
Cash-on-Cash
-3.30%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93