Frank Marrero Acquires South Miami Multifamily From Deme Mekras & Sam Mekras

The multifamily property located at 7441 Southwest 59th Place in South Miami was recently sold for $7,000,000. The property comprises 30 units with a total area of 15,384 square feet, resulting in a price per unit of $233,333 and a price per square foot of $455.

Summary of transaction details:

• Property Type: Multifamily
• Transaction Amount: $7,000,000
• Units: 30
• Price per Unit: $233,333
• Square Footage: 15,384
• Price per Square Foot: $455
• Address: 7441 Southwest 59th Place
• Market: South Miami

The sale of this multifamily property was facilitated by Claudio Forgione from Avenew Realty, representing the buyer, Frank Marrero. On the other side, Deme Mekras and Sam Mekras from MSP Group served as the seller's representatives in this transaction. Additionally, MSP Group LLC left a note expressing their pride in closing this rare multifamily property deal in the heart of South Miami.