Robert Niznik Acquires 42-Unit Multifamily In Miami For $9M

The multifamily property located at 500 & 522 NE 78 Street in Miami has been sold in a recent transaction. The property consists of 42 units with a total square footage of 41,575. The sale price for the property was $9,000,000, resulting in a price per unit of $214,286 and a price per square foot of $216. The transaction was facilitated by Avigail Gayer and Samuel Heskiel from Beachfront Realty, who represented both the buyer and the seller, Robert Niznik and Elchanan Kagan, respectively.

Summary of transaction details

• Property Type: Multifamily
• Transaction Amount: $9,000,000
• Units: 42
• Price per Unit (PPU): $214,286
• Square Footage: 41,575
• Price per Square Foot (PPSF): $216

This transaction set a record for Little River, achieving the highest price per foot and price per door in the area. If you are looking to acquire or dispose of a property, you can reach out to Avigail Gayer at 347-359-0371 or Samuel Heskiel at 786-451-4484 for their expertise and assistance.