Thomas Neary Acquires Multifamily Property In Overtown, Miami For $11.75M

The multifamily property located at 415 NW 9th Street in Overtown, Miami has been sold in a recent transaction. The sale took place on August 24, 2021.

Summary of transaction details

• Property Type: Multifamily
• Transaction Amount: $11,750,000
• Address: 415 NW 9th Street, Overtown, Miami
• Market: Overtown, Miami
• Buyer: Thomas Neary
• Seller: Ken Arnold, Jon Arnold, and Alex Moskovitz
• Brokers: Arthur Porosoff, Joseph Phelps, and David Cohen - The Porosoff Group - Compass
• Asking Price: $11,500,000
• Units: 92
• Price Per Unit (PPU): $127,717
• Square Footage: 45,000
• Price Per Square Foot (PPSF): $261

The Porosoff Group, represented by brokers Arthur Porosoff, Joseph Phelps, and David Cohen from Compass, facilitated this sale. The property offers 92 units with a total square footage of 45,000. The transaction was completed with a sale price of $11,750,000, resulting in a price per unit of $127,717 and a price per square foot of $261.