Terrence Sedler Acquires Multifamily Asset In Miami From Alejandro Gershanik For $2.58M

The asset involved in this transaction is a multifamily property located at 629 Southwest 10th Avenue in Miami. The sale consisted of 12 units with a total square footage of 10,176. The transaction was completed at a price of $2,580,000, resulting in a price per unit of $215,000 and a price per square foot of $253.

Summary of transation details:

• Property Type: Multifamily
• Transaction Amount: $2,580,000
• Units: 12
• Square Footage: 10,176
• Price Per Unit: $215,000
• Price Per Square Foot: $253
• Buyer: Terrence Sedler
• Seller: Alejandro Gershanik
• Buyer's Representative: Gabriel Pena - Matthews Real Estate Investment Services
• Seller's Representative: Alejandro Gershanik - BM2 Realty

In this transaction, Terrence Sedler acquired the multifamily property from Alejandro Gershanik, who also represented himself in the sale. Gabriel Pena from Matthews Real Estate Investment Services acted as the buyer's representative, ensuring the buyer's interests were represented during the deal.