Irish Deacon Purchases Multifamily Asset At 111 Salamanca Avenue For $2.5M With Manny Chamizo III

The multifamily asset located at 111 Salamanca Avenue in Coral Gables was sold for $2,500,000. The property encompasses a total of 4,946 square feet and comprises 4 units, resulting in a price per unit of $625,000 and a price per square foot of $505.

Summary of transation details:

• Property Type: Multifamily
• Transaction Amount: $2,500,000
• Units: 4
• Square Footage: 4,946
• Price Per Unit: $625,000
• Price Per Square Foot: $505
• Buyer: Irish Deacon
• Seller: Michael Saenz
• Broker: Manny Chamizo III - ONE Sotheby's International Realty (ONESIR)

Manny Chamizo III represented the seller, Michael Saenz, in this transaction. ONE Sotheby’s Commercial noted the successful closing and highlighted the high-demand nature of boutique multifamily assets in the South Florida market. The team emphasizes their localized expertise and global reach to facilitate successful outcomes for their clients.