Julio Marrero Purchases Multifamily Property At 469-479 Southwest 3rd Street For $4.4M

The property asset involved in this transaction is a multifamily building located at 469-479 Southwest 3rd Street in Little Havana, Miami. The asset spans a total area of 10,800 square feet and comprises 20 units, with a price per unit of $220,000 and a price per square foot of $407. The asking price for this property was $4,500,000, while the final sale price was $4,400,000.

Summary of transation details:

• Property Type: Multifamily
• Transaction Amount: $4,400,000
• Address: 469-479 Southwest 3rd Street
• Market: Little Havana, Miami
• Units: 20
• Square Footage: 10,800
• Price Per Unit: $220,000
• Price Per Square Foot: $407
• Buyer: Julio Marrero
• Buyer's Representative: Carlos M. Sotolongo - South Florida Properties
• Seller: German Quintero
• Seller's Representative: Mario Peña - Castle Realty

The key individuals in this transaction include the buyer Julio Marrero, who is affiliated with 240 South Hibiscus, and the seller German Quintero, representing Quinteros Sunshine Assoc. The buyer's representative is Carlos M. Sotolongo from South Florida Properties, while the seller's representative is Mario Peña from Castle Realty.