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11246 Southwest 187th Street

Rudy Corujo Sells Multifamily Asset In Miami For $6.4875M With Reps Deme Mekras And Charbel Abud
SOLDMultiFamily

Rudy Corujo Sells Multifamily Asset In Miami For $6.4875M With Reps Deme Mekras And Charbel Abud

11246 Southwest 187th Street

$6,487,500

$325/SF

Building Size

19,960 SF

Asset Type

MultiFamily

Closing

Dec 22, 2025

AI

The transaction involved a multifamily asset located at 11246 Southwest 187th Street in Miami, FL. The sale price reached $6,487,500, encompassing 15 units with a price per unit of $432,500. The total square footage of the property is 19,960, resulting in a price per square foot of $325.

Summary of transation details:

  • Property Type: Multifamily
  • Transaction Amount: $6,487,500
  • Units: 15
  • Price Per Unit: $432,500
  • Total Square Footage: 19,960
  • Price Per Square Foot: $325
  • Seller: Rudy Corujo
  • Buyer's Representative: Charbel Abud - Charleemax Realtors
  • Seller's Representative: Deme Mekras - MSP Group

MSP Group represented the developer/seller, Allied Companies, led by Rudy Corujo, and was assisted by Adrian Ferradaz as transaction counsel and Tony Recio for land use and zoning matters. The buyer, Lewis Mertz and affiliated companies, were represented by Charbel Abud and the Law Offices of Carillo and Carillo PA.

Players

Deme Mekras

MSP Group

Broker

$270.5M

vol

32 deals

Broker
MSP Group
MSP GroupBrokerage

Miami MultiFamily Market Snapshot

Boundary boundary · MultiFamily · Sale transactions

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Purchase Price

Annual NOI

Loan Amount

Interest Rate (%)

Loan Term (yrs)

Down Payment (%)

Cap Rate

2.45%

Cash-on-Cash

-0.70%

Monthly Payment

$14,164

Annual Debt Svc

$169,964

Annual Cash Flow

$-11,334

DSCR

0.93