Meadowgreen Preservation Acquires Multifamily Property In Hialeah For $23.6M

The multifamily property located at 1905 W 54th St in Hialeah was recently sold in a closed transaction. The property spans across 4.19 acres and was sold for a price of $23,630,000. The sale took place on 09/03/2021, and the buyer was Meadowgreen Preservation, while the seller was Legacy Residential represented by Thomas Cabrerizo. The property consists of 119 units with an average price per unit of $198,571. The total square footage of the property is 92,200, with a price per square foot of $256.

Summary of transation details

• Property Type: Multifamily
• Transaction Amount: $23,630,000
• Address: 1905 W 54th St, Hialeah
• Market: Hialeah
• Asset Type: Multifamily
• Acres: 4.19
• Price Per Acre: $5,639,618

Meadowgreen Preservation acquired the multifamily property from Legacy Residential, with Thomas Cabrerizo representing the seller. This transaction marks an important deal in the Hialeah market, adding to Meadowgreen Preservation's portfolio. The sale price of $23,630,000 reflects the value of the property and its potential for future growth. The successful transaction demonstrates the expertise and negotiation skills of Thomas Cabrerizo as the seller's representative.