Rental Asset Management Acquires Multifamily Property In Little Havana For $31.1M

The multifamily property located at 590 W Flagler Street in Little Havana was recently sold for a total price of $31,100,000. The transaction took place on 12/21/2022, and the property consists of 96 units, resulting in an average price per unit of $323,958. The sale was facilitated by Eastern Atlantic Land Development, who sold the property to Rental Asset Management, represented by Eby Gallego.

Summary of transaction details

• Property Type: Multifamily
• Transaction Amount: $31,100,000
• Address: 590 W Flagler Street, Little Havana
• Market: Little Havana
• Buyer: Rental Asset Management - Eby Gallego
• Seller: Eastern Atlantic Land Development
• Lender: Amerant Bank
• Mortgage Brokers: Matt Robbins, Brad Williamson, Scott Wadler & Hugo Hernandez - Berkadia
• Units: 96
• Price Per Unit: $323,958

The deal was financed by Amerant Bank, and the mortgage brokers involved were Matt Robbins, Brad Williamson, Scott Wadler, and Hugo Hernandez from Berkadia. They played a crucial role in ensuring the successful completion of the transaction.