Jesse Spencer & William Tsobgni Of J& Group Sell Multifamily Building In Miami For $1.5M

2190 Southwest 14th Terrace is a renovated six-unit multifamily property located in the Miami market. This asset was sold for $1,500,000, translating to $250,000 per unit. The building encompasses a total of 3,290 square feet and was sold at approximately $455 per square foot.

Summary of transaction details:

• Property Type: Multifamily
• Transaction Amount: $1,500,000
• Units: 6
• Price per Unit: $250,000
• Square Footage: 3,290
• Price per Square Foot: $455
• Cap Rate: 4.4%
• Agents Representing Seller: Jesse Spencer & William Tsobgni - J+ Group - Compass
• Buyer Representation: Christina Mosquera and Ariana Bravo - Keller Williams Capital Realty
• Construction Year: 1957
• Lot Size: 4,738 square feet
• Location: SW 14th Terrace and SW 22nd Avenue
• Zoning: T3-O

The transaction involved Jesse Spencer, Team Principal, and William Tsobgni, Commercial Real Estate Advisor, representing the seller, a local owner, while Christina Mosquera and Ariana Bravo represented the buyer, a private investor pursuing a 1031 exchange. J+ Group previously facilitated the acquisition of the property in 2018, and their affiliated company managed renovations that included updates to the building’s infrastructure and interiors.