German Andres Guzman Acquires Multifamily Property In Cutler Bay For $24.5M

A multifamily property located at 11050 SW 197th Street in Cutler Bay has been sold for a price of $24,500,000. The property consists of 144 units, with each unit having an average price per unit (PPU) of $170,139. The total square footage of the property is 102,685, and the price per square foot (PPSF) is $239.

Summary of transaction details

• Property Type: Multifamily
• Transaction Amount: $24,500,000
• Units: 144
• PPU: $170,139
• Square Footage: 102,685
• PPSF: $239
• Address: 11050 SW 197th Street, Cutler Bay
• Market: Cutler Bay

The buyer of the property is German Andres Guzman, while the seller is Robert T. & Sofia C. Castro. The transaction was facilitated by brokers Calum Weaver and Perry Synanidis from Cushman & Wakefield.