Puchero Corp. Acquires Multifamily Property In Hialeah For $17.2M

Located in Hialeah, the recently closed transaction involved the sale of a multifamily property at 565 West 51st Place, 643, 651 & 725 West 29th Street. Marty Caparros represented the seller, Prestige Companies, in the deal. The buyer was Puchero Corp., with representation from Alberto Arceo. The transaction was facilitated with the help of Ocean Bank as the lender. The sale price for the property was $17,200,000, which equates to a price per unit of $200,000. The property consists of 86 units in total.

Summary of transaction details

• Property Type: Multifamily
• Transaction Amount: $17,200,000
• Date: 09/08/2022
• Address: 565 West 51st Place, 643, 651 & 725 West 29th Street, Hialeah
• Market: Hialeah
• Buyer: Puchero Corp. - Alberto Arceo
• Seller: Prestige Companies - Marty Caparros
• Lender: Ocean Bank
• Units: 86
• Price per Unit: $200,000

This transaction showcases the collaboration between Puchero Corp., led by Alberto Arceo, as the buyer, and Marty Caparros, representing the seller, Prestige Companies. Ocean Bank provided the necessary financing for the deal. The sale of this multifamily property at 565 West 51st Place, 643, 651 & 725 West 29th Street, Hialeah, demonstrates the thriving real estate market in the area.