Fausto Commercial Realty Consultants Facilitates $10.7M Sale Of Miami Multifamily Property On NW 1st St

The multifamily property located at 718 NW 1st St in Miami has been sold. The transaction was handled by Mauricio Villasuso and Carlos Fausto Miranda of Fausto Commercial Realty Consultants. The property was listed for an asking price of $11,500,000 and was sold for $10,700,000. The property consists of 36 units with an average price per unit of $297,222. It spans over 52,129 square feet with a price per square foot of $82,946.

Summary of transaction details:

• Property Type: Multifamily
• Transaction Amount: $10,700,000
• Address: 718 NW 1st St, Miami
• Market: Miami
• Brokers: Mauricio Villasuso & Carlos Fausto Miranda - Fausto Commercial Realty Consultants
• Asking Price: $11,500,000
• Units: 36
• Price per Unit: $297,222
• Square Footage: 52,129
• Price per Square Foot: $82,946

The sale of the property was finalized on 05/05/2022. Mauricio Villasuso and Carlos Fausto Miranda, representing Fausto Commercial Realty Consultants, successfully closed the deal.