Karen E Engel TRS Sells Multifamily Property At 230 Calabria Avenue & 2999 W Flagler St, Miami For $4.8M

Located in Miami, the multifamily property at 230 Calabria Avenue & 2999 W Flagler Street has been sold in a closed transaction. The property spans a total of 27,472 square feet and consists of 24 units. The sale price for this asset was $4,800,000, resulting in a price per unit of $200,000. The price per square foot is calculated at $175, and the capitalization rate stands at 4%. The seller in this transaction was Karen E Engel TRS, with the deal facilitated by Francisco Rodriguez from Brown Harris Stevens.

Summary of transaction details

• Property Type: Multifamily
• Transaction Amount: $4,800,000
• Market: Miami
• Units: 24
• Price per Unit: $200,000
• Square Footage: 27,472
• Price per Square Foot: $175
• Capitalization Rate: 4%
• Seller: Karen E Engel TRS
• Broker: Francisco Rodriguez - Brown Harris Stevens

This successful transaction showcases the expertise and professionalism of Francisco Rodriguez from Brown Harris Stevens, who represented the seller in this deal.