A multifamily building located at 817 Northwest 2nd Street in Miami was sold in a closed transaction. The asset covers 0.17 acres and comprises 6 units. The sale price for the property was $1,200,000, equating to a price per unit of $200,000. The total square footage of the building is 5,569, with a price per square foot of $215.

Summary of transaction details:

• Property Type: Multifamily
• Transaction Amount: $1,200,000
• Buyer: Pura Vida Riverside LLC
• Seller: Quartz Ball LLC
• Broker: Alexis Lizama - Coldwell Banker
• Lender: Banesco USA
• Units: 6
• ACRES: 0.17
• SF: 5,569
• PPU: $200,000
• PPSF: $215

Alexis Lizama of Coldwell Banker represented the buyer, Pura Vida Riverside LLC, in this transaction. The deal was financed with a loan amount of $780,000 from Banesco USA, facilitating the acquisition of the multifamily property from Quartz Ball LLC.