Michael Fischer Acquires Multifamily In Miami Beach For $7M

Located in Miami Beach, the multifamily property at 2456 Flamingo Drive and 320 West 25th Avenue was recently sold in a transaction. The sale was facilitated by Techrin Hijazi and Seth Cohen from Brown Harris Stevens, who represented the buyer, Michael Fischer. On the other side of the deal, Jacob Serure from SRE Commercial Group represented the seller, Tony DiPiazza.

Summary of transaction details:

• Property Type: Multifamily
• Transaction Amount: $7,000,000
• Address: 2456 Flamingo Drive & 320 West 25th Avenue
• Market: Miami Beach
• Buyer: Michael Fischer
• Seller: Tony DiPiazza
• Buyer's Representative: Techrin Hijazi & Seth Cohen - Brown Harris Stevens
• Seller's Representative: Jacob Serure - SRE Commercial Group
• Units: 26
• Price Per Unit: $269,231

The deal amounted to a sale price of $7,000,000 for the multifamily property, which consists of 26 units. With each unit valued at approximately $269,231, the transaction offers a significant investment opportunity in the Miami Beach market.