Rubin Margules Purchases Multifamily Asset From Peter Baksa For $4,224,000 In Miami Beach

The asset involved in the transaction is a multi-family property located at 1525-1535 Michigan Avenue in the Miami Beach market. The total square footage of the property is 18,134, and it was sold for $4,224,000.00.

Summary of transaction details:

• Property Type: MultiFamily
• Transaction Amount: $4,224,000.00
• Address: 1525-1535 Michigan Avenue
• Market: Miami Beach
• Square Footage: 18,134
• Buyer: Rubin Margules
• Seller: Peter Baksa
• Brokers: Arthur Porosoff, David Cohen (Horvath & Tremblay)

Rubin Margules acted as the buyer in this transaction, while Peter Baksa was the seller. The brokerage team representing the transaction consisted of Arthur Porosoff and David Cohen from Horvath & Tremblay, facilitating the deal.