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

Property Image
SOLD
$11,357,777

Florida

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MultiFamily81,196 SF
Sold 04/08/2022
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Property Image
SOLD

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

119 Southwest 6th Avenue, Miami, Florida 33130, United States

See Similar Deals
MultiFamily81,196 SF
Sold 04/08/2022

Summary

FLORIDA
Asset Type:MultiFamily
Price Per Square Foot:$139
Total Square Footage:81,196 SF
Transaction Type:Sale

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.

Players

BUYER

Details

SOLD
IMAGE: Matt Robbins, Hugo Hernandez, Scott Wadler & Brad Williamson DATE: 12/21/2022 ADDRESS: 590 W Flagler Street MARKET: Little Havana ASSET TYPE: Multifamily BUYER: Rental Asset Management - Eby Gallego SELLER: Eastern Atlantic Land Development LENDER: Amerant Bank (@AmerantBank) MORTGAGE BROKERS: Matt Robbins, Brad Williamson, Scott Wadler (@SWadler1) & Hugo Hernandez - Berkadia (@Berkadia) SALE PRICE: $31,100,000 UNITS: 96 ~ PPU: $323,958

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