Vim Patel Acquires Multifamily Property In Bay Harbor Islands For $8.5M

Located at 1080 99th Street in Bay Harbor Islands, this multifamily property recently changed hands in a sale transaction. The property consists of 23 units with a total square footage of 43,580. The sale price for this transaction was $8,500,000, lower than the asking price of $8,900,000. The price per unit comes to approximately $369,565, while the price per square foot is around $195.

Summary of transaction details:

• Property Type: Multifamily
• Transaction Amount: $8,500,000
• Address: 1080 99th Street, Bay Harbor Islands
• Market: Bay Harbor Islands
• Buyer: Vim Patel
• Seller: Mari Rover
• Brokers: Marilina Apfelbaum, Samuel Heskiel, and Rosy Cancela

The buyer, Vim Patel, and the seller, Mari Rover, were represented by Marilina Apfelbaum, Samuel Heskiel, and Rosy Cancela in this transaction. Together, they successfully negotiated the sale of this multifamily property, achieving a price of $8,500,000. This transaction provides further insight into the individuals and companies involved in the deal, showcasing their expertise in the Bay Harbor Islands market.