LRL Management Acquires Multifamily Asset From Jay Bailyn In Miami For $2.85M

The property involved in this transaction is a multifamily asset located at 1601 Northwest 1st Court in Miami. The sale price was $2,850,000, consisting of 20 units. The total square footage of the property is 9,400, resulting in a price per unit of $142,500 and a price per square foot of $303.

Summary of transaction details:

• Property Type: Multifamily
• Transaction Amount: $2,850,000
• Buyer: LRL MANAGEMENT
• Seller: Jay Bailyn
• Buyer's Representative: Ernie Perez - Gridline Properties
• Seller's Representative: Alexis Shapiro - ONE Commercial Real Estate
• Units: 20
• Square Footage: 9,400
• Price Per Unit: $142,500
• Price Per Square Foot: $303

The transaction was represented by Ernie Perez from Gridline Properties for the buyer LRL MANAGEMENT, while Alexis Shapiro from ONE Commercial Real Estate represented the seller Jay Bailyn, facilitating the deal between the two parties.