Jose Daccarett Acquires Multifamily Property In Hialeah From Cristobal Gil For $9.5M

The property asset involved in the transaction is a multifamily building located at 6765 West 2nd Court in Hialeah, Florida. The asset was sold for $9,500,000 and consists of 53 units. The building has a total square footage of 43,142, resulting in a price per unit of $179,245 and a price per square foot of $220.

Summary of transaction details:

• Property Type: Multifamily
• Transaction Amount: $9,500,000
• Buyer: Jose Daccarett
• Seller: Cristobal Gil
• Broker: Deme Mekras - MSP Group
• Units: 53
• Square Feet: 43,142
• Price Per Unit: $179,245
• Price Per Square Foot: $220
• Market: Hialeah

The transaction was facilitated by Deme Mekras, who represented both the seller and the buyer. This sale was part of a portfolio deal that included three properties, with a total portfolio value of $21,000,000. The successful closing of the Marshall Apartments was contingent upon the simultaneous completion of all property sales in the portfolio.