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
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