Alberto Fernandez Acquires Multifamily Asset From Izhak Wanounou In Miami For $3.5M

The property asset involved in the transaction is a multifamily building located at 871 Southwest 3rd Street in Miami. The sale price of the asset was $3,500,000, encompassing 24 units with a total square footage of 11,612. The price per unit is $145,833, and the price per square foot is $301.

Summary of transaction details:

• Property Type: Multifamily
• Transaction Amount: $3,500,000
• Buyer: Alberto Fernandez
• Seller: Izhak Wanounou
• Brokers: Rafael Fermoselle & David Fermoselle - ElevenTrust Real Estate Services
• Units: 24
• Square Footage: 11,612
• Price Per Unit: $145,833
• Price Per Square Foot: $301

Rafael Fermoselle and David Fermoselle represented the seller, Izhak Wanounou, in this transaction. The property was sold with a violation, and the buyer, Alberto Fernandez, plans to cure the violation, renovate the property, and bring the rents to market.