SB Real Estate Capital LLC Acquires 157-Unit Multifamily Property In Homestead For $31M From Seller Justin Toal

An multifamily property located at 1140 SE 24th Road in Homestead has been sold for a price of $31,000,000. The property consists of 157 units, resulting in a price per unit of $197,452. The sale transaction took place on 04/26/2021.

Summary of transaction details:

• Property Type: Multifamily
• Transaction Amount: $31,000,000
• Address: 1140 SE 24th Road, Homestead
• Market: Homestead
• Buyer: SB Real Estate Capital LLC
• Seller: Fifteen Group - Justin Toal
• Units: 157
• Price per Unit: $197,452

Michael Sprotzer, Justin Toal, and Jay Bailyn were involved in the transaction as representatives.