Julian Robin Acquires Multifamily Property In Miami From Carla Lowenstein For $3.15M

This multifamily property comprises 15 units and is located at 6255 Northeast Miami Place in the Miami market. The sale price was $3,150,000, with a total square footage of 9,577. The property is situated on a 36,000 square feet parcel of T5-R zoned land and has a price per unit of $210,000 and a price per square foot of $328.

Summary of transaction details:

• Property Type: Multifamily
• Transaction Amount: $3,150,000
• Buyer: Julian Robin
• Seller: Carla Lowenstein
• Broker: Joseph Suarez - Trustpoint Realty
• Units: 15
• Gross Monthly Income: $16,000
• Price Per Unit: $210,000
• Square Footage: 9,577
• Price Per Square Foot: $328

Joseph Suarez represented the buyer in this transaction, successfully negotiating the purchase price down from $3.5 million to $3.15 million. This deal emphasizes the property's full occupancy on a month-to-month basis and highlights the potential for immediate rental income while securing a prime development site in proximity to the Design District, Midtown, and Wynwood. Trustpoint Realty is currently expanding its office and is welcoming additional agents.