IDH Properties/Daniell Group Acquires South Beach Multifamily For $13.85M

The multifamily property located at 801-807-815 Alton Road and 1355-57 Drexel Avenue in South Beach has been sold for a price of $13,850,000. The property spans a total area of 23,108 square feet, resulting in a price per square foot of $599. The sale was completed on July 1, 2022.

Summary of transaction details

• Property Type: Multifamily
• Transaction Amount: $13,850,000
• Address: 801-807-815 Alton Road, 1355-57 Drexel Avenue
• Market: South Beach
• Seller: Red Group - Gabriel Braha Izhak
• Buyer: IDH Properties/Daniell Group - Issy Daniell, Avihai Daniell
• SF: 23,108
• PPSF: $599

The buyer of the property was IDH Properties/Daniell Group, represented by Issy Daniell and Avihai Daniell. The seller, Red Group, was represented by Gabriel Braha Izhak.