Leon Peisach And Mike Peisach Acquire Multifamily Asset In Sunrise For $32.28M

The property involved in this transaction is a multifamily asset located at 2551 Northwest 26th Street in Sunrise. The sale price for this asset was $32,280,000, with a total of 185 units, resulting in a per-unit price of $174,486. The property encompasses a total square footage of 191,337, which translates to a price per square foot of $168.

Summary of transaction details:

• Property Type: Multifamily
• Transaction Amount: $32,280,000
• Units: 185
• Price Per Unit: $174,486
• Square Footage: 191,337
• Price Per Square Foot: $168
• Buyer: Leon Peisach & Mike Peisach - Category Five Real Estate
• Broker: Brandon Rex - Marcus & Millichap

Leon Peisach and Mike Peisach, representing Category Five Real Estate, executed this transaction. Category Five Real Estate is a private equity firm based in South Florida that focuses on acquiring, operating, and enhancing multifamily assets. The firm is actively pursuing value-add and stabilized assets in the tri-county area and is open to purchasing outright or taking a majority position for capital improvements.