7 Crowns Acquires 24-Unit North Miami Beach Multifamily For $4.15M

The multi-family property located at 1949 Northeast 172 Street in North Miami Beach has been sold. The property consists of 24 units with a total area of 18,493 square feet. The sale price for the property was $4,150,000, resulting in a per unit price of $172,917. The price per square foot was $224.

Summary of transaction details:

• Property Type: MultiFamily
• Transaction Amount: $4,150,000
• Address: 1949 Northeast 172 Street
• Market: North Miami Beach

The buyer for this transaction is 7 Crowns, while the seller is Jorge Sanchez. The brokers involved in the deal were Felipe Echarte and Nicholas McAndrew from Marcus & Millichap.