Shahar Nissan Acquires Multifamily Property In Venice For $4.07M

An apartment building located at 512 Armada Road South in Venice has been sold in a recent transaction. The multifamily property, consisting of 21 units with a total of 11,970 square feet, was sold for a price of $4,070,000. This equates to a price per unit of $193,810 and a price per square foot of $340.

Summary of transaction details:

• Property Type: Multifamily
• Transaction Amount: $4,070,000
• Units: 21
• Price per Unit: $193,810
• Square Footage: 11,970
• Price per Square Foot: $340
• Address: 512 Armada Road South, Venice

The buyer in this transaction was Shahar Nissan, while the seller was Axel Dechevron. The deal was facilitated by brokers Alec Neu, Matthew Prozzillo, and Benjamin Skinner, who represented the parties involved in the transaction. Alec Neu, Matthew Prozzillo, and Benjamin Skinner are brokers from Marcus & Millichap.