Pablo Castro Acquires Multifamily Property In Miami For $29.3M

A multifamily property located at 8400 Northwest 25th Avenue in Miami has been sold. The property consists of 142 units with a total square footage of 516,186. The asking price for the property was $33,500,000, and it was sold for $29,300,000, at a price per unit of $206,338 and a price per square foot of $57.

Summary of transaction details

• Property Type: Multifamily
• Transaction Amount: $29,300,000
• Address: 8400 Northwest 25th Avenue, Miami
• Market: Miami
• Seller: Lisa Ramos & Lissette Nunez
• Seller's Representative: Eduardo Gil & Robinson Seda Jr - Skyrise Commercial Real Estate Advisors
• Buyer: Pablo Castro
• Buyer's Representative: Ricardo Cruz - RCN Realty, LLC
• Units: 142
• Price per Unit: $206,338
• Square Footage: 516,186
• Price per Square Foot: $57

Ricardo Cruz from RCN Realty, LLC represented the buyer, Pablo Castro, in this transaction. Eduardo Gil and Robinson Seda Jr from Skyrise Commercial Real Estate Advisors represented the sellers, Lisa Ramos and Lissette Nunez.