Akash Rachmale Purchases Multifamily Property At 761 NW 1 St Miami For $4.5M

This multifamily asset is located at 761 NW 1 St in the Miami market. The sale was finalized at a price of $4,500,000 for 16 units, equating to a price per unit of $281,250. The total building size is 14,212 square feet, which results in a price per square foot of $316.

Summary of transaction details:

• Property Type: Multifamily
• Transaction Amount: $4,500,000
• Units: 16
• Price Per Unit: $281,250
• Square Footage: 14,212
• Price Per Square Foot: $316
• Buyer: Akash Rachmale
• Seller: Drew Levey
• Brokers: Arthur David Porosoff, Veronica Huxley, Jimmy Diorio & Javier A. Ubeda - POROSOFF - Compass

The transaction involved the representation of buyer Akash Rachmale by the brokerage team consisting of Arthur David Porosoff, Veronica Huxley, Jimmy Diorio, and Javier A. Ubeda. The seller, Drew Levey, also engaged in this successful transaction with noted representation throughout the process. The property is managed professionally by LRL Management.