Michael Herman Acquires Multifamily Property In Allapattah For $7.2M

Located at 1020 NW 7th Ave in Allapattah, this multifamily property was recently sold in a closed transaction. The property spans a total of 34,126 square feet and consists of 35 units. The sale price for this asset was $7,200,000, resulting in a per unit price of $205,714. The price per square foot is calculated to be $211.

Summary of transaction details

• Property Type: Multifamily
• Transaction Amount: $7,200,000
• Units: 35
• Price per Unit: $205,714
• Square Footage: 34,126
• Price per Square Foot: $211
• Market: Allapattah

The buyer in this transaction is Michael Herman, while the seller is Jean Pierre Brunois. Acting as the broker in this deal is Enrique Jordan from Central Commercial Real Estate.