Anibal Duarte-Viera Acquires Multifamily Property In Coral Gables For $8.2M
915 Palermo Avenue & 920 Sevilla Avenue
24,096 SF
Summary
Anibal Duarte-Viera, Esq. as Trustee has purchased a multifamily property in Coral Gables. The property, located at 915 Palermo Ave & 920 Sevilla Ave, was sold by Alvaro Castillo, ESQ. The transaction was facilitated by Landy Toledo of Marcus & Millichap South Florida. The sale price for the property was $8,200,000, with a total of 32 units. This equates to a price per unit of $256,250. The building spans 24,096 square feet, resulting in a price per square foot of $340. The property has a capitalization rate of 3.74%.
Summary of transaction details
- Property Type: Multifamily
- Transaction Amount: $8,200,000
- Address: 915 Palermo Ave & 920 Sevilla Ave
- Market: Coral Gables
- Buyer: Anibal Duarte-Viera, Esq. as Trustee
- Seller: Alvaro Castillo, ESQ
- Broker: Landy Toledo - Marcus & Millichap South Florida
- Units: 32
- Price per Unit: $256,250
- Building Square Footage: 24,096
- Price per Square Foot: $340
- Capitalization Rate: 3.74%
Anibal Duarte-Viera, Esq. as Trustee, Alvaro Castillo, ESQ, and Landy Toledo of Marcus & Millichap South Florida played key roles in this transaction. The buyer, Anibal Duarte-Viera, Esq., acted as a trustee for the purchase. Alvaro Castillo, ESQ, served as the seller. Landy Toledo, representing Marcus & Millichap South Florida, facilitated the deal.
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