Leon Peisach & Mike Peisach Acquire Multifamily Assets In Miami For $47M

The transaction involves the sale of a multifamily asset situated at 1205 Northwest 103rd Lane and 1260 Northwest 95th Street in the Miami market. The sale price of the property was $47,000,000, which encompasses a total of 289 units, resulting in a price per unit of $162,629.

Summary of transaction details:

• Property Type: Multifamily
• Transaction Amount: $47,000,000
• Units: 289
• Price Per Unit: $162,629
• Buyer: Leon Peisach & Mike Peisach - Category Five Real Estate
• Broker: Yoav Yuhjtman - Berkadia

Leon Peisach and Mike Peisach, representing Category Five Real Estate, are focused on multifamily assets and consider Pinewood Apartments a strategic acquisition due to its favorable unit mix. The firm, based in South Florida, specializes in sourcing and acquiring multifamily properties, and is willing to invest in value-add opportunities as well as stabilized assets across the tri-county area.