Mazal Investments 44, LLC Purchases 39-Unit Multifamily Property In Miami For $7.2M

The multifamily property located at 15400 Northeast 6th Avenue in Miami, FL was sold for $7,200,000. The asset, consisting of 39 units across a total square footage of 36,614, was acquired by Mazal Investments 44, LLC. The property encompasses two two-story buildings built in 1966 and is situated on a 1.65-acre lot, resulting in a price per unit of $184,615 and a price per square foot of $197.

Summary of transaction details:

• Property Type: Multifamily
• Transaction Amount: $7,200,000
• Units: 39
• Square Footage: 36,614
• Address: 15400 Northeast 6th Avenue
• Market: Miami, FL
• Price Per Unit: $184,615
• Price Per Square Foot: $197
• Buyer: Mazal Investments 44, LLC
• Seller: 15400 Apartments, LLC
• Brokers: Felipe Echarte, Evan Kristol & Austin M. Michels - Marcus & Millichap

Felipe Echarte, Evan Kristol, and Austin M. Michels represented the transaction for the brokerage firm Marcus & Millichap. Their involvement in this deal facilitated the acquisition of the property by Mazal Investments 44, LLC from the seller 15400 Apartments, LLC.