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Michael Rauf Acquires 10-Unit Multifamily In Homestead For $1.39M

40 northeast 9th street
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This MultiFamily property located in FL was sold for $1,385,000 over 1 year ago. The brokers of the deal were Sam Mekras and Jorge Cruz

A multifamily property located at 40 Northeast 9th Street in Homestead has been sold for a total price of $1,385,000. The property consists of 10 units, with each unit having a price per unit of $138,500. The total square footage of the property is 5,448, resulting in a price per square foot of $254. The sale was completed on 12/14/2022.

Summary of transaction details:

  • Property Type: Multifamily
  • Transaction Amount: $1,385,000
  • Units: 10
  • Price Per Unit: $138,500
  • Square Footage: 5,448
  • Price Per Square Foot: $254

Michael Rauf has purchased the property from Raul Alvarez. Sam Mekras from MSP Group, LLC represented Michael Rauf as the buyer's representative, while Jorge Cruz from Remax represented Raul Alvarez as the seller's representative.

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Deals
  • Location
    40 Northeast 9th Street40 Northeast 9th Street
  • Sale Price
    $1,385,000$1,385,000
    $254 PPSF$254 PPSF
  • Area
    5,448 SF5,448 SF
  • Asset Type
    MultiFamilyMultiFamily
  • Parties
    2 Brokers, 2 Agencies2 Brokers, 2 Agencies

Agents

Sam  Mekras

Sam Mekras

Deals14
Sold$28.2M

Jorge Cruz

Jorge Cruz

Deals5
Sold$24.7M

Agencies

MSP Group

MSP Group

Agency
Deals30
Volume$176M

Re/Max

Re/Max

Agency
Deals480
Volume$2.2B

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Deal Summary

SALE IMAGE: Jorge Cruz & Sam Mekras DATE: 12/14/2022 ADDRESS: 40 Northeast 9th Street MARKET: Homestead ASSET TYPE: Multifamily BUYER: Michael Rauf SELLER: Raul Alvarez BUYER'S REP: Sam Mekras (@Sam_Mekras_MspGroupllc) - MSP Group, LLC SELLER'S REP: Jorge Cruz (@Jorge_TheCruzTeam) - Remax SALE PRICE: $1,385,000 UNITS: 10 ~ PPU: $138,500 SF: 5,448 ~ PPSF: $254

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40 northeast 9th street

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