Stefano Garofoli & Costantino Cicchilli Acquire Multifamily In Little Havana, Miami

The sale of a multifamily property in Little Havana, Miami has been completed. The property, located at 879 SW 3rd St, consists of 24 units with a total square footage of 12,500. The sale price for this transaction was $2,850,000, which translates to a price per unit of $118,750 and a price per square foot of $228. The sale took place on 10/01/2021.

Summary of transaction details:

• Property Type: Multifamily
• Transaction Amount: $2,850,000
• Address: 879 SW 3rd St, Little Havana, Miami
• Market: Little Havana, Miami
• Buyer: Stefano Garofoli & Costantino Cicchilli
• Seller: Izhak Wanounou
• Buyer & Seller's Representative: Francisco Rodriguez Melo - Cedano Realty Advisors
• Asking Price: $3,000,000
• Units: 24
• Price per unit: $118,750
• Square footage: 12,500
• Price per square foot: $228

Francisco Rodriguez Melo, representing Cedano Realty Advisors, played a key role in this sale transaction. Their expertise and guidance facilitated the successful completion of the deal. It is worth noting that the sale price achieved was slightly lower than the initial asking price of $3,000,000.