Arnaldo Fernandez Of AVF Specialties Corp Purchases Development Site From Alvarez Family For $1.03M

The development site located at 559 Northwest 34th Street in Miami was sold for $1,030,000. The site has a total size of 7,150 square feet, translating to a price per square foot of $144. The transaction represents a significant event in the Miami real estate market.

Summary of transaction details:

• Property Type: Development Site
• Transaction Amount: $1,030,000
• Buyer: Arnaldo Fernandez - AVF Specialties Corp
• Seller: Alvarez Family
• Broker: Robin Perez & Vicente Rodriguez - Fausto Commercial Realty Consultants
• Date of Transaction: 01/17/2025

Robin Perez and Vicente Rodriguez of Fausto Commercial Realty Consultants successfully represented both the seller, the Alvarez Family, and the buyer, Arnaldo Fernandez. The sellers had previously encountered multiple contracts that fell through before concluding this sale, while the buyer identified a distinct development opportunity through this transaction.