Lloyd Jones Acquires Multifamily Property In Little Havana, Miami For $92M

The multifamily property located at 700 SW 1st St in Little Havana, Miami, was recently sold for a total of $92,000,000. The transaction took place on 06/30/2022 and involved 194 units, resulting in a purchase price per unit of $474,227. The property spans a total of 159,431 square feet, equating to a price per square foot of $577. The sale was facilitated by brokers Still Hunter and Kaya Suarez from Walker & Dunlop.

Summary of transaction details

• Property Type: Multifamily
• Transaction Amount: $92,000,000
• Units: 194
• Price per Unit: $474,227
• Square Footage: 159,431
• Price per Square Foot: $577
• Market: Little Havana, Miami

Lloyd Jones served as the buyer in this transaction, while the sellers were Hannes Schoeckler, Roger Karre, and Robert Pichler. The deal was successfully closed with the assistance of brokers Still Hunter and Kaya Suarez from Walker & Dunlop.