Multiple Buyers Acquire Hialeah Miami Multifamily Portfolio From Cristobal Gil For $21M

The Hialeah/Westview Portfolio consists of three multifamily properties located at 1270-1280 West 29th Street, 2800 West 12th Avenue, 6765 W 2nd Court & 11505 NW 22nd Avenue in the markets of Hialeah and Miami. The total sale price for the portfolio amounts to $21,000,000. It encompasses a total of 134 units with an average price per unit of $156,716. The combined square footage of the properties is 123,792, resulting in a price per square foot of $169.

Summary of transaction details:

• Property Type: Multifamily
• Transaction Amount: $21,000,000
• Units: 134
• Average Price Per Unit: $156,716
• Total Square Footage: 123,792
• Price Per Square Foot: $169
• Buyer: Multiple
• Seller: Cristobal Gil
• Broker Representatives: Deme Mekras & Sam Mekras - MSP Group

The closing involved several distinct transactions coordinated by Deme Mekras, who serves as the CEO of MSP Group, along with Sam Mekras and Jose Daccarett of Axios Properties. Each of the three properties had specific buyers including Jose Daccarett for 6765 W 2nd Court, Jorge Acevedo for 1270-1280 W 29th Street & 2800 W 12th Avenue, and Cory Reiter for 11505 NW 22nd Avenue, all represented by MSP Group brokers Deme Mekras and Sam Mekras. This transaction marked a significant milestone for Deme Mekras, pushing his career closing total over $1 billion.