Bowery Properties Acquires Multifamily Property In Miami For $11.6M

The multifamily property located at 5601 NW First Ave. in Miami has been sold for $11,600,000. This transaction involves a total of 89 units, resulting in a price per unit of $130,337.

Summary of transation details:

• Property Type: Multifamily
• Transaction Amount: $11,600,000
• Units: 89
• Price Per Unit: $130,337
• Buyer: Bowery Properties - Thomas Neary
• Seller: Secamar LLC
• Broker: Skyler Marinoff - DWNTWN Realty Advisors

The transaction was coordinated by Skyler Marinoff representing DWNTWN Realty Advisors, highlighting the key role of the broker in facilitating the deal. The buyer, Bowery Properties led by Thomas Neary, acquired the asset from Secamar LLC.