Silver Cover Property Holdings Acquires 18-Unit Multifamily In Miami For $6.9M

A multifamily property located at 2010 SW 25th Terrace in Miami has been sold in a recent transaction. The property consists of 18 units with a total square footage of 15,000. The sale price for this property was $6,915,000, resulting in a price per unit of $384,167 and a price per square foot of $461.

Summary of transaction details

• Property Type: Multifamily
• Transaction Amount: $6,915,000
• Units: 18
• Price per Unit: $384,167
• Total Square Footage: 15,000
• Price per Square Foot: $461

The buyer of this property is Silver Cover Property Holdings, while the seller is Freddy Borges. The deal was facilitated by brokers David Cohen, Arthur Porosoff, and Jonathan Karlik from Compass.