7 Crowns Acquires Multifamily Property In Miami For $1.31M

The multifamily property located at 60 Northwest 161st Street in Miami was sold for $1,310,000. The property consists of 8 units spanning 6,546 square feet, equating to a price per unit of $163,750 and a price per square foot of $200.

Summary of transaction details:

• Property Type: Multifamily
• Transaction Amount: $1,310,000
• Units: 8
• Price per Unit: $163,750
• Square Footage: 6,546
• Price per Square Foot: $200
• Address: 60 Northwest 161st Street, Miami

Nicholas McAndrew of Marcus & Millichap represented the buyer, 7 Crowns, in the transaction, while the seller, Robert M Shuter, was represented by Nicholas McAndrew.