Serge Vallet Acquires Multifamily Property In Miami Beach For $975,000

A multifamily property located at 1800 Normandy Dr in Miami Beach has been sold. The property consists of 4 units with a total area of 3,000 square feet. The sale price for this transaction was $975,000, resulting in a price per unit of $243,750 and a price per square foot of $325.

Summary of transaction details

• Property Type: Multifamily
• Transaction Amount: $975,000
• Units: 4
• Price per Unit: $243,750
• Square Footage: 3,000
• Price per Square Foot: $325
• Market: Miami Beach

The buyer of the property is Serge Vallet, and the seller is Dennis Arechavala. Leor Fidler from Silmar Real Estate Advisors represented the buyer in this transaction.