Arch Acquires Palm Springs Apts In Hialeah Multifamily Sale

Architectural firms Calum Weaver and Perry Synanidis of Cushman & Wakefield were involved in a recent sale transaction in Hialeah. The property, located at 565 W 51st Pl, 643-651 & 725 W 29th St, is a multifamily asset consisting of 86 units with a total square footage of 50,232. The sale was completed on 08/24/2021, with a sale price of $13,000,000.

Summary of transaction details

• Property Type: Multifamily
• Transaction Amount: $13,000,000
• Address: 565 W 51st Pl, 643-651 & 725 W 29th St
• Market: Hialeah
• Units: 86
• Price Per Unit: $151,163
• Total Square Footage: 50,232
• Price Per Square Foot: $259

Arch from the architectural firm represented the buyer in this transaction, while Palm Springs Apts, represented by Steven Levy, acted as the seller. Calum Weaver and Perry Synanidis, also of Cushman & Wakefield, served as the brokers for this sale. The asking price and the final sale price were both $13,000,000.