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Stefano Garofoli & Costantino Cicchilli Acquire Multifamily In Little Havana, Miami

879 Southwest 3rd Street
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This MultiFamily property located in FL was sold for $2,850,000 over 2 years ago.

The sale of a multifamily property in Little Havana, Miami has been completed. The property, located at 879 SW 3rd St, consists of 24 units with a total square footage of 12,500. The sale price for this transaction was $2,850,000, which translates to a price per unit of $118,750 and a price per square foot of $228. The sale took place on 10/01/2021.

Summary of transaction details:

  • Property Type: Multifamily
  • Transaction Amount: $2,850,000
  • Address: 879 SW 3rd St, Little Havana, Miami
  • Market: Little Havana, Miami
  • Buyer: Stefano Garofoli & Costantino Cicchilli
  • Seller: Izhak Wanounou
  • Buyer & Seller's Representative: Francisco Rodriguez Melo - Cedano Realty Advisors
  • Asking Price: $3,000,000
  • Units: 24
  • Price per unit: $118,750
  • Square footage: 12,500
  • Price per square foot: $228

Francisco Rodriguez Melo, representing Cedano Realty Advisors, played a key role in this sale transaction. Their expertise and guidance facilitated the successful completion of the deal. It is worth noting that the sale price achieved was slightly lower than the initial asking price of $3,000,000.

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Deals
  • Location
    879 Southwest 3rd Street, Little Havana, Miami, FL, USA879 Southwest 3rd Street, Little Havana, Miami, FL, USA
  • Sale Price
    $2,850,000$2,850,000
    $228 PPSF$228 PPSF
  • Area
    12,500 SF12,500 SF
  • Asset Type
    MultiFamilyMultiFamily

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Deal Summary

SALE IMAGE: Francisco Rodriguez Melo & Gema Ruiz DATE: 10/01/2021 ADDRESS: 879 SW 3rd St MARKET: Little Havana, Miami ASSET TYPE: Multifamily BUYER: Stefano Garofoli & Costantino Cicchilli SELLER: Izhak Wanounou BUYER & SELLER'S REP: Francisco Rodriguez Melo - Cedano Realty Advisors ASKING PRICE: $3,000,000 SALE PRICE: $2,850,000 UNITS: 24 ~ PPU: $118,750 SF: 12,500 ~ PPSF: $228

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