7 Crowns Acquires 24-Unit North Miami Beach Multifamily For $4.15M | 1949 Northeast 172 Street | Nicholas McAndrew, Felipe Echarte | MultiFamily | Sale

Summary

Sale

FLORIDA

MultiFamily

18,493 sqft

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.

Players

All
3

Agents
2
Agencies
1

Nicholas McAndrew

Associate

$47.2M Sold

Felipe Echarte

Senior Vice President Investments

$235.4M Sold

Marcus & Millichap

Details

Deal Summary

SOLD

IMAGE: Felipe Echarte & Nicholas McAndrew DATE: 08/29/2023 ADDRESS: 1949 Northeast 172 Street MARKET: North Miami Beach ASSET TYPE: MultiFamily BUYER; 7 Crowns SELLER: Jorge Sanchez BROKERS: Felipe Echarte & Nicholas McAndrew (@Nickmc561) - Marcus & Millichap (@MarcusMillichap_Fl) SALE PRICE: $4,150,000 UNITS: 24 ~ PPU: $172,917 SF: 18,493 ~ PPSF: $224

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Address1949 Northeast 172 Street

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