FBE Limited Acquires 316-Unit Multifamily Property In Miami Dade For $61.5M

The multifamily property located at 15601 Southwest 137th Avenue in Miami Dade has been sold for a total of $61,500,000. The transaction took place on June 29, 2022. The property sits on a spacious 15.5-acre lot. The buyer of the property is FBE Limited, represented by Abraham Fruchthandler and Yehoshua Leib Fruchthandler. The seller of the property is Blue Rock Partner, represented by Reuven Oded. The deal was facilitated by brokers Tal Frydman and Hampton Beebe from Newmark. The property consists of 316 units with an average price per unit of $194,620.

Summary of transaction details

• Property Type: Multifamily
• Transaction Amount: $61,500,000
• Address: 15601 Southwest 137th Avenue, Miami Dade
• Market: Miami Dade
• Buyer: FBE Limited - Abraham Fruchthandler & Yehoshua Leib Fruchthandler
• Seller: Blue Rock Partner - Reuven Oded
• Brokers: Tal Frydman & Hampton Beebe - Newmark
• Acres: 15.5
• Units: 316
• Price per Unit: $194,620

The successful sale of this multifamily property highlights the collaboration between FBE Limited, represented by Abraham Fruchthandler and Yehoshua Leib Fruchthandler, and Blue Rock Partner, represented by Reuven Oded. Tal Frydman and Hampton Beebe from Newmark were instrumental in facilitating the deal. With 316 units and a generous 15.5-acre lot, this property presents an attractive investment opportunity. The average price per unit of $194,620 reflects the desirability of the asset in the market.