Westdale Acquires 338-Unit Multifamily Property In West Miami For $97M

The property asset involved in the transaction is a multifamily unit located at 2201 Ludlum Rd in West Miami. The sale was completed on April 15, 2021, for a transaction amount of $97,000,000, encompassing a total of 338 units, which translates to a price per unit of $286,982.

Summary of transaction details:

• Property Type: Multifamily
• Transaction Amount: $97,000,000
• Address: 2201 Ludlum Rd
• Market: West Miami
• Units: 338
• Price Per Unit: $286,982
• Buyer: Westdale
• Seller: The Estate Company
• Broker Representatives: Neyda Bravo & Luis Gonzalez - ravoandPartners Realty

This transaction was facilitated by brokers Neyda Bravo and Luis Gonzalez, representing ravoandPartners Realty in the deal. Their involvement highlights the key roles played by real estate professionals in facilitating such significant property transactions.