Jalal Abuimweis Acquires Opa Locka & Oakland Park Multifamily For $4.2M

A multifamily property located in Opa Locka & Oakland Park has been sold in a recent transaction. The property, consisting of 40 units, spans a total area of 37,248 square feet. The sale was completed on 11/10/2021 by buyer Jalal Abuimweis, represented by The King's Estates, and seller Raul Fernandez. The asking price and final sale price were both $4,200,000. The per unit price for the property was $105,000, while the price per square foot was $113.

Summary of transaction details:

• Property Type: Multifamily
• Transaction Amount: $4,200,000
• Units: 40
• Price per Unit: $105,000
• Square Footage: 37,248
• Price per Square Foot: $113

Jalal Abuimweis, representing The King's Estates, successfully acquired the multifamily property in Opa Locka & Oakland Park. Raul Fernandez served as the seller in this transaction. The deal closed on 11/10/2021 with both the buyer and seller agreeing to a sale price of $4,200,000.