Bruce Gago Of FCP Acquires 427-Unit Multifamily Complex In West Miami For $111M

A multifamily complex located at 2001 & 2101 Southwest 67th Avenue in West Miami has been sold for $111 million. The asset includes a total of 427 units, translating to approximately $259,953 per unit. The total square footage of the property is 711,840, with a price per square foot of $156.

Summary of transaction details:

• Property Type: Multifamily
• Transaction Amount: $111,000,000
• Units: 427
• Price Per Unit: $259,953
• Square Footage: 711,840
• Price Per Square Foot: $156
• Buyer: Bruce Gago - FCP
• Seller: David Schwartz - Waterton Associates
• Brokers: Matt Williams, Danny Matz, Rob Wright & Hampton Beebe - Newmark

Newmark's brokers, Matt Williams, Daniel Matz, and Rob Wright, facilitated financing for the buyer, while Hampton Beebe represented the seller in this transaction. This acquisition marks FCP's purchase of District West Gables from Waterton Associates.