Miami Beach firm pays $13.5M for Hialeah apartment complex

By October 11, 2018news

A Miami-Beach based company paid $13.5 million for a 90-unit apartment complex in Hialeah, property records show. The acquisition comes at a time when city has seen an increase in investment there.

The 114,575-square-foot rental community at 6195 West 19 Avenue traded hands for $150,000 per unit.

The buyer, Fields and Green Family’s LLC, is led by Jonathan Fields and Leah Green. Records show they financed the deal with a $10.6 million loan from Florida Community Bank.

The seller is a Hialeah-based company led by Carlos, Christopher and Michael Sanchez. The family paid $3.85 million for the complex in 1999, records show.

Marcus & Millichap’s Arthur Porosoff brokered the deal. The complex, built in 1972, sits on a 2.3-acre lot and is comprised of a pair of three-story buildings.