Stephen Rich Acquires 5-Unit Multifamily In Little Havana, Miami

The recently sold property in Little Havana, Miami at 1935 SW 2nd St has caught the attention of buyers in the multifamily market. This multifamily asset features 5 units with a total square footage of 2,563. The property was sold for a sale price of $1,050,000, slightly below the asking price of $1,100,000. With a price per unit (PPU) of $210,000 and a price per square foot (PPSF) of $410, this property offers a promising investment opportunity in the lively neighborhood of Little Havana.

Summary of transaction details

• Property Type: Multifamily
• Transaction Amount: $1,050,000
• Market: Little Havana, Miami
• Sale Date: 11/11/2022
• Address: 1935 SW 2nd St
• Seller: Louis Toledo
• Buyer: Stephen Rich
• Brokers: Giovanni Vasquez & Andros Sarduy - Synergy Realty Advisors
• Units: 5
• Square Footage: 2,563
• Price per Unit (PPU): $210,000
• Price per Square Foot (PPSF): $410

Giovanni Vasquez and Andros Sarduy, representing Synergy Realty Advisors, played a crucial role as brokers in facilitating this transaction. Their expertise in the multifamily market and their understanding of the Little Havana neighborhood contributed to the successful sale of this property. With their guidance, Stephen Rich was able to secure this valuable asset from seller Louis Toledo.