Richman Group Acquires Development Site In Miami For $3.8M

The asset involved in this transaction is a development site located at 2137 Northwest 36th Street, 3629 & 3645 Northwest 21st Court in Miami. The total transaction price is $3,800,000, with a building square footage of 30,492, resulting in a price per square foot of $125. The site has a total of 105 units.

Summary of transaction details:

• Property Type: Development Site
• Transaction Amount: $3,800,000
• Address: 2137 Northwest 36th Street, 3629 & 3645 Northwest 21st Court
• Market: Miami
• Building Square Footage: 30,492
• Price Per Square Foot: $125
• Units: 105
• Buyer: Richman Group - Richard Paul Richman
• Seller: The Mark LLC, Global Property Consultants LLC & Rolando Arzola
• Brokers: Deme Mekras & Elliot Shainberg - MSP Group

Key individuals involved in this transaction include Richard Paul Richman, representing the buyer Richman Group, and the sellers comprising The Mark LLC, Global Property Consultants LLC, along with Rolando Arzola. The brokers facilitating the deal are Deme Mekras and Elliot Shainberg from MSP Group.