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Felipe Echarte, Evan Kristol And Nicholas McAndrew Facilitate $9.75M Sale Of Miami Multifamily Property

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SOLD
$9,750,000

Florida

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MultiFamily82,328 SF
Sold 04/08/2024
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Property Image
SOLD

Felipe Echarte, Evan Kristol And Nicholas McAndrew Facilitate $9.75M Sale Of Miami Multifamily Property

15201 Memorial Highway

See Similar Deals
MultiFamily82,328 SF
Sold 04/08/2024
Contact now

Summary

FLORIDA
Asset Type:MultiFamily
Price Per Square Foot:$118
Total Square Footage:82,328 SF
Transaction Type:Sale

The Memorial Highway Apartments in Miami, Florida, have been sold for $9.75 million. The multifamily building spans 36,050 square feet and consists of 57 units. Situated at 15201 Memorial Highway in the Biscayne Gardens neighborhood, the property offers proximity to educational institutions, healthcare facilities, Interstate 95, and Haulover Beach.

Summary of transaction details:

  • Property Type: Multifamily
  • Transaction Amount: $9,750,000
  • Market: Miami
  • Address: 15201 Memorial Highway
  • SF: 36,050
  • PPSF: $270

The sale of the Memorial Highway Apartments was facilitated by Evan Kristol, Felipe Echarte, and Nicholas McAndrew of Marcus & Millichap. Felipe Echarte, a senior vice president investments at Marcus & Millichap, played a key role in the transaction, bringing together the parties involved in this significant deal.

Players

Evan Kristol
58 deals$409.7M volume
BROKER

Felipe Echarte
Marcus & Millichap
43 deals$329.1M volume
BROKER

Nicholas McAndrew
Marcus & Millichap
16 deals$68M volume(954) 245-3526
BROKER

Details

SOLD
IMAGE: Felipe Echarte, Evan Kristol & Nicholas McAndrew DATE: 04/08/2024 ADDRESS: 15201 Memorial Highway MARKET: Miami ASSET TYPE: Multifamily BROKERS: Evan Kristol (@Evan.Kristol), Felipe Echarte () & Nicholas McAndrew (@NickMc561) - Marcus & Millichap (@MarcusMillichapinc) SALE PRICE: $9,750,000 SF: 36,050 ~ PPSF: $270 NOTE: Marcus & Millichap announced the $9.75 million sale of Memorial Highway Apartments in Miami, Florida, facilitated by Felipe Echarte, a senior vice president investments. The 36,050-square-foot, 57-unit multifamily building is located at 15201 Memorial Highway in the Biscayne Gardens neighborhood, near educational institutions, healthcare facilities, Interstate 95, and Haulover Beach.

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Debt Service Coverage Ratio (DSCR)

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