Colliers Sells 42-Unit Multifamily Assemblage In Miami For Record Price Of $10.5M

Located at 10710 & 10742 SW 5th Street in Miami, this multifamily property was recently sold in a closed transaction. The deal was facilitated by brokers Mitash Kripalani and Virgilio Fernandez from Colliers, who achieved a record-breaking sale price of $10,500,000 for the property. The asset consists of 42 units on a 1.33-acre site, offering a per unit price of $250,000. The total square footage is 5,000, resulting in a price per square foot of $2,100.

Summary of transaction details

• Property Type: Multifamily
• Transaction Amount: $10,500,000
• Units: 42
• Price per Unit: $250,000
• Total Square Footage: 5,000
• Price per Square Foot: $2,100
• Acres: 1.33

The successful sale of this assemblage by Mitash Kripalani and Virgilio Fernandez at a record-breaking price further highlights their expertise in the FIU submarket. With a deep understanding of the area, they have consistently delivered exceptional results for their clients, attracting new buyers to the region. If you are considering selling your property, contact Mitash at 786 271 5598 or Virgilio at 305 613 4507 for a free valuation.