Blue Door Real Estate Group Acquires Multifamily Property In Miami For $1.875M With Lender Tideway Capital Group

A 12-unit multifamily property located at 620 Southwest 16th Avenue in Miami has been acquired for $1,875,000. The property covers an area of 8,658 square feet and was built in 1926, featuring a T4-L zoning classification. The price per unit stands at $156,250, while the price per square foot is recorded at $217.

Summary of transaction details:

• Property Type: Multifamily
• Transaction Amount: $1,875,000
• Buyer: Blue Door Real Estate Group & Alberto Fernandez Falcon
• Seller: Jessica Gonzalez Reynoso
• Brokers: Carl Gorman & Ricardo Lay - APEX Capital Realty
• Lender: Tideway Capital Group
• Units: 12
• Square Footage: 8,658
• Price Per Unit: $156,250
• Price Per Square Foot: $217

The transaction highlights the participation of Blue Door Real Estate Group and Alberto Fernandez Falcon, who successfully acquired the property from Jessica Gonzalez Reynoso. Financing for the purchase was secured through a loan of $1.406 million provided by Tideway Capital Group, demonstrating ongoing investment activity in Miami's multifamily sector.