The multifamily property located at 8500 Byron Avenue in Miami Beach has been sold for $2,600,000. This asset comprises 7 units with a total square footage of 5,744, resulting in a price per unit of $371,428 and a price per square foot of $452. The property features direct access to the Tatum Waterway and is situated just steps from the ocean.

Summary of transaction details:

• Property Type: Multifamily
• Transaction Amount: $2,600,000
• Address: 8500 Byron Avenue
• Market: Miami Beach
• Units: 7
• Square Footage: 5,744
• Price Per Unit: $371,428
• Price Per Square Foot: $452
• Buyer: Jaroslaw Lemanski
• Seller: Kim Hughes
• Buyer's Representative: Lisa Lajes Rosen - BHHS EWM Realty
• Seller's Representatives: Juan Sotolongo & Jesse Spencer - Compass

The sellers were represented by Juan Sotolongo and Jesse Spencer from Compass, while Lisa Lajes Rosen from BHHS EWM Realty represented the buyers. The transaction reflects a successful collaboration between the representatives, facilitating the sale to the new owners who plan for creative remodeling of the property.