F Advance Management Acquires Multifamily Property In North Miami Beach For $5.8M

This multifamily property located at 16851 NE 18th Avenue in North Miami Beach was recently sold in a closed transaction. The property consists of 36 units with a total square footage of 27,800. The asking price for the property was $6,000,000, and it was sold for $5,800,000, resulting in a price per unit of $161,111 and a price per square foot of $208.

Summary of transaction details

• Property Type: Multifamily
• Transaction Amount: $5,800,000
• Address: 16851 NE 18th Avenue
• Market: North Miami Beach

The buyer of this property was F Advance Management, represented by Demian Perelmuter. The seller was EUS At 18th Ave LP, represented by Ricardo Ulloa. The brokers involved in this transaction were Calum Weaver and Perry Synanidis from Cushman & Wakefield.