Matthew Paul D.B.A. 340 Properties LLC Acquires Multifamily Asset In Sunrise For $23M

The property asset involved in this transaction is a multifamily complex located at 9404 Northwest 49th Place in Sunrise. The sale price of the asset was $23,000,000, encompassing a total of 116 units. The property features a square footage of 106,228, and the price per unit is noted at $198,275, with a price per square foot of $216.

Summary of transaction details:

• Property Type: Multifamily
• Transaction Amount: $23,000,000
• Units: 116
• Address: 9404 Northwest 49th Place
• Market: Sunrise
• Square Footage: 106,228
• Price Per Unit: $198,275
• Price Per Square Foot: $216

The transaction involved Matthew Paul, D.B.A. - 340 Properties, LLC as the buyer, while David Schwadron served as the seller. The brokerage representation for the transaction was provided by Evan Richardson, Dillon Majeski, Daniel J. Cunningham, Cory Sanchez, and River Rhoads from Marcus & Millichap. The Cunningham-Richardson Group represented both the buyer and the seller, with the seller having owned the asset for more than 30 years.