Francisco Rodriguez Melo, Stefano Garofoli & Costantino Cicchelli Acquire Mixed-use Property In Little Havana, Miami For $800K

The property asset involved in this transaction is a mixed-use building located at 1626 W Flagler St in the Little Havana market of Miami. The asset consists of 7,159 square feet and was listed at an asking price of $1,500,000. The final sale price was $800,000, equating to a price per square foot of $112.

Summary of transaction details:

• Property Type: Mixed-use
• Transaction Amount: $800,000
• Address: 1626 W Flagler St
• Market: Little Havana, Miami
• Square Footage: 7,159 SF
• Asking Price: $1,500,000
• Price per Square Foot: $112
• Buyer: Francisco Rodriguez Melo, Stefano Garofoli, Costantino Cicchelli
• Seller: Luigi Scaffidi
• Broker: Cedano Realty Advisors

The deal featured prominent individuals such as the buyers Francisco Rodriguez Melo, Stefano Garofoli, and Costantino Cicchelli, who collectively acquired the property from seller Luigi Scaffidi. The transaction was facilitated by Cedano Realty Advisors, emphasizing the involvement of experienced professionals in the real estate field throughout the process.