Michele Larea Purchases Hallandale Beach Multifamily Property From Michael Politi For $4.625M

The asset involved in this transaction is a multifamily property located at 324 Northeast 3rd Street in Hallandale Beach. The sale price of the property was $4,625,000, encompassing a total of 11 units. The property's total square footage is 14,301, which translates to a price per unit of $420,454 and a price per square foot of $323.

Summary of transation details:

• Property Type: Multifamily
• Transaction Amount: $4,625,000
• Units: 11
• Square Footage: 14,301
• Price per Unit: $420,454
• Price per Square Foot: $323
• Buyer: Michele Larea
• Seller: Michael Politi
• Brokers: Austin M. Michels, Felipe Echarte & Evan Kristol - Marcus & Millichap

The transaction was facilitated by brokers Austin M. Michels, Felipe Echarte, and Evan Kristol, all representing Marcus & Millichap. This team played a crucial role in connecting the buyer, Michele Larea, with the seller, Michael Politi, to successfully close the sale of the property.