Redwood Dev Co Acquires MultiFamily Property In Miami For $30M

The multi-family property located at 2403 NW 117 Lane in Miami has been sold in a closed transaction. The property consists of 75 units with a total square footage of 135,000. The sale price for this transaction was $30,000,000, resulting in an average price per unit of $400,000 and a price per square foot of $222.

Summary of transaction details:

• Property Type: MultiFamily
• Transaction Amount: $30,000,000
• Units: 75
• Price Per Unit: $400,000
• Square Footage: 135,000
• Price Per Square Foot: $222
• Address: 2403 NW 117 Lane, Miami

The buyer of this property is Redwood Dev Co, represented by David Burstyn and Brian A. Sidman. On the other hand, the seller is Lennar, with Stuart Miller representing their interests in the deal.