K & E Holdings Group Inc Acquires Multifamily Property In North Miami For $5.2M

K & E Holdings Group Inc. acquired a 24-unit multifamily property at 12215 West Dixie Highway in North Miami, FL, for $5.2 million. The property comprises a four-story building with a total of 31,685 square feet, situated on 0.34 acres and built in 1969. The transaction reflects a price per unit of $216,667 and a price per square foot of $164. The asset was previously traded in 2023 for $4.65 million, indicating a rise in value.

Summary of transaction details:

• Property Type: Multifamily
• Transaction Amount: $5,200,000
• Buyer: K & E Holdings Group, Inc
• Seller: Parkview NM LLC
• Brokers: Felipe Echarte & Evan Kristol - Marcus & Millichap
• Units: 24
• Square Feet: 31,685
• Acres: 0.34
• PPU: $216,667
• PPSF: $164

Felipe Echarte and Evan Kristol of Marcus & Millichap represented the seller, Parkview NM LLC, in this transaction. The property is zoned R-5, making it eligible for multifamily use, and its recent acquisition signifies ongoing interest in the North Miami market.