Mazal Investments 42, LLC Acquires 36-Unit Multifamily Property In Miami For $6.1M

The multifamily property located at 655 Northeast 149th Street in Miami, FL, encompasses 36 units and was sold for $6,100,000, translating to approximately $273.69 per square foot. This 22,288-square-foot building is situated on a 1.05-acre lot and was constructed in 1956.

Summary of transaction details:

• Property Type: Multifamily
• Transaction Amount: $6,100,000
• Units: 36
• Price Per Unit: $169,444
• Square Footage: 22,288
• Price Per Square Foot: $274
• Buyer: Mazal Investments 42, LLC
• Seller: Coinco Investment Company, Inc.
• Brokers: Felipe Echarte, Evan Kristol & Austin M. Michels - Marcus & Millichap

Mazal Investments 42, LLC successfully acquired the property from Coinco Investment Company, Inc., with the brokerage team of Felipe Echarte, Evan Kristol, and Austin M. Michels from Marcus & Millichap facilitating the transaction.