Richard Peter Garcia Jr. Acquires Multifamily Property From Carlos Salas Jr. For $3.1M In Miami

The property asset involved in this transaction is located at 720 Southwest 5th Street and 527 Southwest 7th Court in the Miami market. The sale of this multifamily asset was finalized at a price of $3,100,000. The property consists of 16 units with a total square footage of 10,498, resulting in a price per unit of $193,750 and a price per square foot of $295.

Summary of transaction details:

• Property Type: Multifamily
• Transaction Amount: $3,100,000
• Units: 16
• Square Footage: 10,498
• Price Per Unit: $193,750
• Price Per Square Foot: $295
• Buyer: Richard Peter Garcia Jr.
• Seller: Carlos Salas Jr.
• Buyer's Representative: Ariana Bravo & Christina Mosquera - Keller Williams Realty
• Seller's Representative: Jamie Rose Maniscalco & Elina Stolyar - The Alpha Commercial

The transaction involved key individuals representing both the buyer and seller. Ariana Bravo and Christina Mosquera acted as the buyer's representatives, affiliated with Keller Williams Realty. On the other side, Jamie Rose Maniscalco and Elina Stolyar represented the seller, operating under The Alpha Commercial.