Private Capital Group Acquires 10-Unit Multifamily In Belle Meade For $2.28M With Buyer’s Reps Jesse Spencer And Juan Sotolongo

The property involved in this transaction is a multifamily asset located at 694 Northeast 76th Street in Miami. The sale price for this property was $2,280,000, which includes 10 units. The total square footage of the property is 7,162, resulting in a price per unit of $228,000 and a price per square foot of $318.

Summary of transaction details:

• Property Type: Multifamily
• Transaction Amount: $2,280,000
• Units: 10
• Square Footage: 7,162
• Price Per Unit: $228,000
• Price Per Square Foot: $318
• Seller: Edward Pontchek
• Buyer's Representative: Juan Sotolongo & Jesse Spencer – Compass
• Date of Sale: 07/11/2025
• Market: Miami

J+ Group at Compass Commercial, led by Jesse Spencer and Juan Sotolongo, played a pivotal role in representing the buyer in this acquisition. The buyer is a private capital group headed by Jesse Spencer, focusing on repositioning and strategic enhancements to maximize the property's value while retaining its historic charm and future potential.