Category Five Real Estate Acquires Multifamily Property In North Miami Beach For $4.85M

The sale of a multifamily property located at 2030 NE 162 Street in North Miami Beach has been completed. The property spans over 21,849 square feet and consists of 27 units. The sale price for this transaction was $4,850,000, resulting in a price per unit of $179,630 and a price per square foot of $222.

Summary of transaction details:

• Property Type: Multifamily
• Transaction Amount: $4,850,000
• Address: 2030 NE 162 Street, North Miami Beach
• Market: North Miami Beach
• Buyer: Category Five Real Estate - Leon Peisach & Mike Peisach
• Seller: PIA Group USA
• Broker: Reshma Parvani - Parvani Commercial Group
• Total Units: 27
• Price Per Unit (PPU): $179,630
• Total Square Feet (SF): 21,849
• Price Per Square Foot (PPSF): $222

The buyer in this transaction was Category Five Real Estate, represented by Leon Peisach and Mike Peisach. The seller was PIA Group USA. The broker involved in this deal was Reshma Parvani from Parvani Commercial Group.

Note from the buyer: Category Five Real Estate (CFRE) specializes in value-add multi-family properties and is actively searching for similar deals in Miami Dade and Broward County.