Palm Bay Flats LLC Acquires 12-Unit Multifamily In North Miami For $1.865M

The multifamily property located at 670 N.E. 122nd St in North Miami was recently sold for a price of $1,865,000. The property, spanning 0.40 acres, consists of 12 units, resulting in a per unit price of $155,416. The sale of this property was completed on 02/22/2023.

Summary of transation details

• Property Type: Multifamily
• Transaction Amount: $1,865,000
• Address: 670 N.E. 122nd St
• Market: North Miami
• Acres: 0.40
• Units: 12
• Price Per Unit: $155,416

Palm Bay Flats LLC acquired the property from Palm Bay Apartments, LLC. The transaction was facilitated by the brokers Nicholas McAndrew, Evan P. Kristol, and Felipe J. Echarte from Marcus & Millichap.