Andres Guzman Acquires Miami Springs Multifamily For $7M

A multifamily property located at 611 Forrest Dr in Miami Springs has been sold for a total price of $7,000,000. The transaction took place on 06/10/2022. The property consists of 37 units, with an average price per unit (PPU) of $189,189. The total square footage of the property is 32,250, resulting in a price per square foot (PPSF) of $217.

Summary of transaction details

• Property Type: Multifamily
• Transaction Amount: $7,000,000
• Address: 611 Forrest Dr, Miami Springs
• Market: Miami Springs
• Units: 37
• PPU: $189,189
• Square Footage: 32,250
• PPSF: $217

The buyer of the property is Andres Guzman, while the sellers are Freddy & Joseph Sayegh. The deal was facilitated by brokers Felipe Echarte, Evan Kristol, and Alejandro Gonzalez from Marcus & Millichap.