Khatib Group Acquires Multifamily Asset From Read Capital For $8.25 Million In Miami

The asset involved in this transaction is a MultiFamily property located at 171 Northwest 158th Street in the Miami market. The transaction occurred at a sale price of $8,250,000, featuring a total of 22 units. The property encompasses a square footage of 30,232 with a price per unit of $375,000 and a price per square foot of $273.

Summary of transation details:

• Property Type: MultiFamily
• Transaction Amount: $8,250,000
• Units: 22
• Square Footage: 30,232
• Price Per Unit: $375,000
• Price Per Square Foot: $273
• Buyer: Khatib Group
• Seller: Read Capital
• Buyer's Representative: Wesley Suskind - Adler Properties
• Seller's Representative: Louis McMillian - Global Investments Realty

The transaction was represented by Wesley Suskind of Adler Properties, acting on behalf of the buyer, Khatib Group, while Louis McMillian of Global Investments Realty represented the seller, Read Capital, in this multi-family property sale.