Rene Sanchez Acquires Multifamily Asset From Jessica Reynoso In Miami For $2.68M

This transaction involved a 16-unit multifamily asset located at 415 Southwest 32nd Avenue in Miami. The sale price was $2,682,400, with a total square footage of 11,364, resulting in a price per square foot of $236.

Summary of transaction details:

• Property Type: Multifamily
• Transaction Amount: $2,682,400
• Buyer: Rene Sanchez
• Seller: Jessica Reynoso
• Market: Miami
• Square Footage: 11,364
• Price per Square Foot: $236
• Brokers: Ricardo Lay & Carl Gorman - APEX Capital Realty

Carl Gorman and Ricardo Lay of Apex Capital Realty represented both the buyer and the seller in this off-market closing. They successfully navigated multiple title-related challenges to ensure a smooth and coordinated closing for the asset, which was part of a larger 28-unit multifamily portfolio in Miami’s Little Havana submarket that sold for $4,619,000.