Valentin M. Carbonell Of ABH Developer Group Acquires Multifamily Property In Bay Harbor Islands For $3.15M

Located at 9950 East Bay Harbor Drive in the Bay Harbor Islands market, this multifamily property was sold for $3,150,000. The asset spans a total of 9,750 square feet, comprising 4 units, leading to a price per unit of $787,500 and a price per square foot of $323. This off-market sale involves a property that will be demolished to make way for a new 8-unit luxury condominium.

Summary of transaction details:

• Property Type: MultiFamily
• Transaction Amount: $3,150,000
• Buyer: Valentin M. Carbonell - ABH Developer Group
• Seller: Moshe Man
• Buyer's Representative: Eli Eskenazi & Alan Eskenazi - Miles Goldstein Real Estate
• Units: 4
• Square Footage: 9,750
• Price Per Unit: $787,500
• Price Per Square Foot: $323

The transaction was facilitated by Eli Eskenazi and Alan Eskenazi, working under Miles Goldstein Real Estate, representing the buyer in this successful property acquisition. As a note, this was a strategic purchase aiming to leverage the property's location, which is within walking distance to shops, parks, and the beach, enhancing its investment potential.