Gustaf Arnoldsson Acquires Multifamily In Miami Beach For $6.4M

Located in Miami Beach, the multifamily property at 946 & 950 Bay Drive recently changed hands in a closed sale transaction. The deal, which took place on April 19, 2022, involved a total of 22 units, providing a per-unit price of $290,909. The property spans across 18,880 square feet, resulting in a price per square foot of $339. The transaction was facilitated by the brokers Joseph Thomas, Adam Duncan, and Alec Demetriou from Marcus & Millichap, representing the buyer Gustaf Arnoldsson and the seller Rafael Chehebar. The sale price for the property was $6,400,000.

Summary of transaction details:

• Property Type: Multifamily
• Transaction Amount: $6,400,000
• Units: 22
• Price per Unit: $290,909
• Total Square Footage: 18,880
• Price per Square Foot: $339

Gustaf Arnoldsson acquired the property located at 946 & 950 Bay Drive in Miami Beach. The sale was facilitated by Joseph Thomas, Adam Duncan, and Alec Demetriou from Marcus & Millichap, who represented the buyer and seller respectively.