Howard Elman Purchases Multifamily Property In South Miami For $4.9M With Claudio Forgione And Oscar Alvarez As Buyer's Reps

The property involved in this transaction is a multifamily asset located at 5991 Southwest 76th Street in South Miami. The sale price was $4,900,000, with a total of 21 units. The square footage of the property is 11,807, resulting in a price per unit of $233,333 and a price per square foot of $415.

Summary of transaction details:

• Property Type: Multifamily
• Transaction Amount: $4,900,000
• Units: 21
• Square Footage: 11,807
• Price Per Unit: $233,333
• Price Per Square Foot: $415
• Buyer: Howard Elman
• Buyer's Representative: Claudio Forgione & Oscar Alvarez - Avenew Realty
• Seller's Representatives: Deme Mekras & Sam Mekras - MSP Group LLC
• Market: South Miami
• Date of Transaction: 07/12/2024

MSP Group LLC, represented by Deme Mekras and Sam Mekras, facilitated the sale of this multifamily property. The buying side was represented by Claudio Forgione and Oscar Alvarez from Avenew Realty, highlighting the collaborative effort in closing this transaction.