Herman Yu Purchases 16-Unit Multifamily Asset From Marcela Segal For $3,200,000 In Miami

1029 Northwest 5th Street is a multifamily asset located in Miami, featuring 16 units including 8 studios and 8 two-bedroom/one-bath units. The property was sold for $3,200,000, comprising a total square footage of 4,003 and a price per unit of $200,000, which translates to a price per square foot of $799.

Summary of transaction details:

• Property Type: Multifamily
• Transaction Amount: $3,200,000
• Units: 16
• Price Per Unit: $200,000
• Square Footage: 4,003
• Price Per Square Foot: $799
• Buyer: Herman Yu
• Seller: Marcela Segal
• Seller's Representative: Mateo Romero & Alfredo Riascos - Gridline Properties

Gridline Properties represented the Seller in this transaction, successfully closing the deal for 1029 NW 5th Street. The representatives, Mateo Romero and Alfredo Riascos, handled the transaction on behalf of the Seller and expressed their satisfaction in closing this deal for their client. For investment opportunities in Miami, Gridline Properties is available for inquiries.