Ivette Agusti Acquires Multifamily Asset At 240-320 Southwest 11th Avenue For $4.68M

The transaction involves a multifamily asset located at 240-320 Southwest 11th Avenue in Homestead. The asset consists of 32 units spread across 16,219 square feet, with a price per unit of $146,250 and a price per square foot of $288. The total sale price achieved for this property was $4,680,000.

Summary of transaction details:

• Property Type: Multifamily
• Transaction Amount: $4,680,000
• Units: 32
• Square Footage: 16,219
• Price Per Unit: $146,250
• Price Per Square Foot: $288
• Buyer: Ivette Agusti
• Seller: Alejandro Gershanik
• Buyer's Representative: Sam Mekras - MSP Group
• Seller's Representative: Alejandro Gershanik - BM2 Realty

Sam Mekras from MSP Group represented the buyer in this off-market transaction. The transaction encompasses six contiguous folios, facilitating a significant addition to the buyer's portfolio in the South Florida market.