Alfred Sayegh Sells Multifamily Property At 7700-7720 Abbott Avenue Miami Beach For $9M

The property asset involved in this transaction is a multifamily building located at 7700-7720 Abbott Avenue in Miami Beach. The sale occurred at a transaction amount of $9,000,000. The property comprises 36 units spread over a total square footage of 20,400, resulting in a price per unit of $250,000 and a price per square foot of $441.

Summary of transaction details:

• Property Type: Multifamily
• Transaction Amount: $9,000,000
• Units: 36
• Square Footage: 20,400
• Price per Unit: $250,000
• Price per Square Foot: $441
• Seller: Alfred Sayegh
• Brokers: Joseph Thomas & Alec Demetriou - Marcus & Millichap
• Date of Sale: 07/03/2025

The key individuals involved in the transaction are sellers Alfred Sayegh and the brokers Joseph Thomas and Alec Demetriou, representing their client, as part of Marcus & Millichap. Their expertise contributed to the completion of this multifamily property deal in Miami Beach.