Bam Developers Acquires MultiFamily Building In Coral Gables For $14.3M

A multifamily property located at 1715 SW 37 Ave in Coral Gables has been sold for $14,300,000. The property consists of 120 units, with an average price per unit of $119,167. Spanning across 37,897 square feet, the property has a price per square foot of $377.

Summary of transaction details

• Property Type: MultiFamily
• Transaction Amount: $14,300,000
• Address: 1715 SW 37 Ave, Coral Gables
• Market: Coral Gables
• Buyer: Bam Developers - Mayer Berkovits
• Seller: Marlon Gomez
• Buyer's Representative: Tomas Sulichin - RelatedISG International Realty
• Seller's Representatives: Omar Morales & Roberto Pesant - Berkadia
• Units: 120
• Square Footage: 37,897

The buyer, Mayer Berkovits, represented by Tomas Sulichin of RelatedISG International Realty, acquired the property from Marlon Gomez. The seller was represented by Omar Morales and Roberto Pesant, both from Berkadia. This transaction highlights the involvement of key individuals and companies in the deal.