German Andres Guzman Acquires Multifamily Property In Cutler Bay For $24.5M

11050 Southwest 197th Street, Cutler Bay, FL 33157, USA

$24,500,000

$238/SF

Building Size

102,685 SF

Asset Type

MultiFamily

Closing

Oct 27, 2021

AI

A multifamily property located at 11050 SW 197th Street in Cutler Bay has been sold for a price of $24,500,000. The property consists of 144 units, with each unit having an average price per unit (PPU) of $170,139. The total square footage of the property is 102,685, and the price per square foot (PPSF) is $239.

Summary of transaction details

Property Type: Multifamily
Transaction Amount: $24,500,000
Units: 144
PPU: $170,139
Square Footage: 102,685
PPSF: $239
Address: 11050 SW 197th Street, Cutler Bay
Market: Cutler Bay

The buyer of the property is German Andres Guzman, while the seller is Robert T. & Sofia C. Castro. The transaction was facilitated by brokers Calum Weaver and Perry Synanidis from Cushman & Wakefield.

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