Stephen Alvarez Of New Hope C.O.R.P.S Acquires Multifamily Property In Homestead For $1.08M

A multifamily asset located at 59 & 79 Northwest 10th Street in Homestead was sold for $1,080,000. The property consists of 7 units with a price per unit of $154,285. The total square footage of the asset is 3,318, equating to a price per square foot of $325.

Summary of transaction details:

• Property Type: Multifamily
• Transaction Amount: $1,080,000
• Units: 7
• Address: 59 & 79 Northwest 10th Street
• Market: Homestead
• Price Per Unit: $154,285
• Square Footage: 3,318
• Price Per Square Foot: $325
• Buyer: Stephen Alvarez - New Hope C.O.R.P.S
• Seller: Javier Despaux
• Broker: Sam Mekras - MSP Group

Sam Mekras of MSP Group facilitated the transaction, representing both the buyer and the seller in the deal. The transaction involved a bulk condo sale of 7 out of 9 units in the property. MSP Group announced the closing and continues to offer services for buying, selling, or financing multifamily properties in South Florida.