SRE Commercial Group Sells St. George Apartments In Miami For $14.2M

The St. George Apartments, a multifamily property located at 5200 NW 26th Ave in Brownsville, Miami, was recently sold for $14,200,000. The property consists of 84 units with an average price per unit of $169,048. The total square footage of the property is 50,423, resulting in a price per square foot of $282.

Summary of transaction details

• Property Type: Multifamily
• Sale Price: $14,200,000
• Units: 84
• Price per Unit (PPU): $169,048
• Square Footage (SF): 50,423
• Price per Square Foot (PPSF): $282

The seller of the St. George Apartments was Thomas Neary. The transaction was facilitated by Jacob Serure of SRE Commercial Group, who represented the seller. SRE Commercial Group is a renowned brokerage firm specialized in multi-family deals in Miami, with over 20 years of experience in the industry. It is worth noting that the St. George Apartments primarily feature 2-bedroom units and have undergone recent property improvements.

SRE Commercial Group's Founder, Jacob Serure, expressed pride in the successful sale of the St. George Apartments and extended an invitation to agents interested in brokering commercial real estate to join their team. For more information about SRE Commercial Group and its current job opportunities, please visit www.SRECommercialGroup.com.