Alain Belzil Of Little River Cooperative Apartments Inc. Sells 34-Unit Multifamily In Miami For $5M

The transaction involved a multifamily asset located at 60 Northwest 79th Street in the Miami market. The property consists of 34 units with a total square footage of 28,000. It was sold for $5,000,000, resulting in a price per unit of $147,058 and a price per square foot of $178.

Summary of transaction details:

• Property Type: Multifamily
• Transaction Amount: $5,000,000
• Address: 60 Northwest 79th Street
• Units: 34
• Square Footage: 28,000
• Price Per Unit: $147,058
• Price Per Square Foot: $178
• Seller: Alain Belzil - Little River Cooperative Apartments, Inc.
• Seller's Representative: George Belesis - DWNTWN Realty Advisors
• Buyer's Representative: Jesse Spencer - Compass

Denise Ben-David of Wasserstein & Nuñez PLLC and her team played a vital role in the transaction by serving as counsel for the association. Their contribution included navigating the cooperative structure, coordinating shareholders, and executing a unique non-traditional closing process specific to cooperative assets.