The off-market acquisition of a 2-story, 12-unit multifamily property in Little River has been completed. The property, situated on a corner-lot at 10 NW 77 St, offers a total of 7,006 square feet of space. The CBS-construction asset is zoned T5 and boasts frontage on North Miami Avenue. The sale price for the property was $1,650,000, resulting in a price per unit of $137,500 and a price per square foot of $236.

Summary of transaction details

• Property Type: Multifamily
• Transaction Amount: $1,650,000
• Units: 12
• Price per Unit: $137,500
• Square Footage: 7,006
• Price per Square Foot: $236
• Market: Little River

Kristopher C Rodriguez, the Managing Director of Fordome Investment Group, acted as the buyer in this transaction. Fordome Investment Group specializes in the acquisition and management of value-add multifamily properties in various areas, including Little River. The seller of the property was Shalom Elul.