Joseph Ehrman's Optimum Property Management Acquires 35-Unit Multifamily In Miami For $8.5M

The multifamily property located at 1315 NE Miami Court in Miami has been sold for a total of $8,500,000. The transaction took place on December 29, 2021. The property consists of 35 units with an average price per unit of $242,857. It has a total square footage of 18,500, with a price per square foot of $459.

Summary of transaction details

• Property Type: Multifamily
• Transaction Amount: $8,500,000
• Units: 35
• Price per Unit: $242,857
• Square Footage: 18,500
• Price per Square Foot: $459

The buyer of the property is Joseph Ehrman, representing Optimum Property Management. The seller is Randy Levine. The deal was brokered by David Cohen and Arthur Porosoff from Porosoff Group - Compass.