SK Realty Management Sells North Miami Multifamily Asset For $16.5 Million With Broker Representation

The asset involved in the transaction is a multifamily property located at 14555 Northeast 6th Avenue in North Miami. It comprises 83 units and spans a total area of 86,649 square feet. The sale price for this transaction was $16,500,000, resulting in a price per unit of $198,795 and a price per square foot of $190.

Summary of transaction details:

• Property Type: Multifamily
• Transaction Amount: $16,500,000
• Units: 83
• Square Footage: 86,649
• Price Per Unit: $198,795
• Price Per Square Foot: $190
• Seller: SK Realty Management
• Buyer's Representative: Churchill Blackwood - Keller Williams Elite Properties
• Seller's Representative: Felipe Echarte - Marcus & Millichap

The transaction was facilitated by Churchill Blackwood representing the buyer through Keller Williams Elite Properties and Felipe Echarte representing the seller with Marcus & Millichap. The successful closure of this deal highlights the involvement of these key individuals in managing the sale process effectively.