Alejandro Gershanik Acquires MultiFamily Property In Riviera Beach For $1.92M

Located in Riviera Beach, the multi-family property at 1409, 1425, and 1433 West 31st Street has been sold in a recent transaction. The property consists of 12 units, totaling 8,423 square feet. The sale price for this asset was $1,920,000, resulting in a per unit price of $160,000. With a price per square foot of $228, this property offers a lucrative investment opportunity in the Riviera Beach market.

Summary of transaction details:

• Property Type: MultiFamily
• Transaction Amount: $1,920,000
• Units: 12
• Price per Unit: $160,000
• Square Footage: 8,423
• Price per Square Foot: $228
• Market: Riviera Beach

Alejandro Gershanik successfully acquired this property, acting as the buyer in the deal. On the other hand, Menachem Tiefenbrun served as the seller. Alejandro Gershanik was also the buyer's representative, representing BM2 Realty. Travis Jones and Alec Bashein of Horvath & Tremblay acted as the seller's representatives, facilitating the transaction between Alejandro Gershanik and Menachem Tiefenbrun. This successful sale highlights the expertise and professional connections of the involved brokers, ensuring a smooth transaction for all parties involved.