MIAMI, FL, Sept. 16, 2011 – Marcus & Millichap Real Estate Investment Services, the nation’s largest real estate investment services firm, has announced the sale of the Sunnyside Apartments (top left photo), a 28-unit multi-family property located in Miami, Fla, according to Gregory Matus, Vice President/Regional Manager of the firm’s Ft. Lauderdale office. The asset commanded a sales price of $1,300,000 representing $46,429 per unit.
Vice President Investments Felipe J. Echarte, Jr (lower right photo). and Senior Associate Joseph P. Thomas, in the firm’s Ft. Lauderdale office, exclusively represented the seller, a private investor from Miami, Fla. The buyer, a limited liability company, was also secured by Echarte and Thomas.
Sunnyside Apartments is a 28-unit multi-family property located on NE 6th Avenue, just north of 150th Street in Miami, Florida. Sunnyside is situated in a densely populated area of unincorporated Miami-Dade County between North Miami and North Miami Beach.
The property offers an excellent unit mix comprised of 14 one-bedroom/one-bath apartments on the first floor and 14 two-bedroom/one-and-a-half bath townhouse apartments on the second and third floors.
Press Contact: Gregory Matus, Regional Manager / Vice President, Ft. Lauderdale, (954) 245-3400
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