Santiago Alvarez Acquires Multifamily Asset In Miami From Avra Jain For $2.75M

The property asset involved in this transaction is a multifamily building located at 7272 Northeast 6th Court in Miami. The sale price was $2,750,000 for a total of 10 units, with a price per unit of $275,000. The total square footage of the building is 6,865, resulting in a price per square foot of $400.

Summary of transaction details:

• Property Type: Multifamily
• Transaction Amount: $2,750,000
• Number of Units: 10
• Price Per Unit: $275,000
• Total Square Footage: 6,865
• Price Per Square Foot: $400
• Buyer: Santiago Alvarez
• Seller: Avra Jain
• Broker Representatives: Janet Crucet & Kristine Flook - Urbanize Properties
• Transaction Date: 5/16/2025

Janet Crucet and Kristine Flook represented both the buyer and seller in this transaction. The deal was executed in cash and closed within 20 days, featuring a non-refundable deposit on the first day. Urbanize Properties facilitated this off-market transaction, showcasing their expertise in connecting clients with unique opportunities in Florida.