Santiago Alvarez Acquires Multifamily Asset In North Miami Beach For $9.1M With Brokers Thomas Demetriou Kraus Marcuvitz

The property asset involved in the transaction is a multifamily building located at 16701 & 16700 Northeast 21st Avenue in North Miami Beach. This asset has a total of 51 units spread over a square footage of 41,655. The transaction was completed for a sale price of $9,100,000, resulting in a price per unit of $178,431.

Summary of transaction details:

• Property Type: Multifamily
• Transaction Amount: $9,100,000
• Units: 51
• Price per Unit: $178,431
• Square Footage: 41,655
• Buyer: Santiago Alvarez
• Seller: Alfred & Freddy Sayegh
• Brokers: Joseph Thomas, Alec Demetriou, Ethan Kraus & Adam Marcuvitz - Marcus & Millichap

The deal involved Santiago Alvarez as the buyer and Alfred & Freddy Sayegh as the sellers, with representation from brokers Joseph Thomas, Alec Demetriou, Ethan Kraus, and Adam Marcuvitz from Marcus & Millichap facilitating the transaction. Each broker played a key role in ensuring a successful agreement between the parties involved in the deal.