Murat Bey Purchases 23-Unit Multifamily Building From Nicole Marciano For $4.35M In Miami

The property asset involved in this transaction is a multifamily building located at 5201 Biscayne Boulevard in Miami. It consists of 23 units and has a total square footage of 8,998. The sale price for this property was $4,350,000, resulting in a price per unit of $189,130 and a price per square foot of $483. This building is situated in Miami's MiMo Historic District, with half of the units having been renovated.

Summary of transaction details:

• Property Type: Multifamily
• Transaction Amount: $4,350,000
• Units: 23
• Price Per Unit: $189,130
• Square Footage: 8,998
• Price Per Square Foot: $483
• Buyer: Murat Bey
• Seller: Nicole Marciano
• Seller's Representative: Shelly Poston - Gridline Properties

This transaction highlights key individuals involved, including the buyer, Murat Bey, and the seller, Nicole Marciano. Shelly Poston from Gridline Properties acted as the seller's representative, guiding the transaction within the market dynamics of Miami. The firm specializes in investment sale representation and has facilitated a range of transactions in notable Miami submarkets.