Mehdi Khachani's JMK Property Investment Acquires Multifamily Property In Miami For $3.45M

The asset involved in this transaction is a multifamily property located at 111 NW 152nd St, in the Miami market. The property encompasses 20,350 square feet and consists of 26 units. The asking price was set at $3,750,000, while the final sale price reached $3,450,000, reflecting a price per square foot of $170 and a price per unit of $132,692. The capitalization rate for this transaction was noted at 6.8%.

Summary of transaction details:

• Property Type: Multifamily
• Transaction Amount: $3,450,000
• Address: 111 NW 152nd St
• Market: Miami
• Square Footage: 20,350
• Units: 26
• Price Per Square Foot: $170
• Price Per Unit: $132,692
• Cap Rate: 6.8%
• Buyer: Mehdi Khachani - JMK Property Investment
• Seller: Ginette F. Claude
• Buyer's Representative: Adam Marcuvitz & Nelson Garcia
• Seller's Representative: Louis Lauture

Key individuals involved in the transaction include the buyer, Mehdi Khachani, representing JMK Property Investment, and the seller, Ginette F. Claude. The buyer was represented in the deal by Adam Marcuvitz and Nelson Garcia, while the seller was represented by Louis Lauture. This transaction showcases the involvement of various representatives in facilitating the sale process.