Rental Asset Management Acquires Multifamily Property In Little Havana For $31.1M
Florida
See Similar DealsRental Asset Management Acquires Multifamily Property In Little Havana For $31.1M
119 Southwest 6th Avenue, Miami, Florida 33130, United States
See Similar DealsSummary
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.
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