Firm’s Carlos Villanueva and Carmen Siman arrange transaction involving 30-unit building
MIAMI, Fla. | The Keyes Company’s Carlos Villanueva and Carmen Siman completed the sale of a 30-unit apartment building in Miami for $5.1 million – or $170,000 per unit. The duo listed the 960 S. Le Jeune Road property on behalf of seller Vega’s Apartment Corp.
Villanueva - District Sales Manager of the firm’s Coral Gables office – and Siman were able to close the sale in three months. The buyer is CMC1 LLC of Miami.
The transaction closed on Sept. 13.
“We are thrilled to help the seller obtain this successful outcome,” Villanueva said. “Demand for multifamily product of all asset types remains incredibly strong throughout Miami-Dade County. This particular building benefits greatly from its location near Miami International Airport.”
Paul Nudelman of Marcus & Millichap represented the buyer in the transaction.
Keyes Commercial Real Estate ranked No. 10 in the South Florida Business Journal’s annual list of the largest commercial brokerages in South Florida, based on aggregate volume of sales and leases in the region.
In November 2018, Villanueva completed the $5.6 million sale of a portfolio of 57 rental apartments in Miami’s Little Havana neighborhood.
“We congratulate Carlos and Carmen on another tremendous multifamily sale,” Keyes President and CEO Mike Pappas said. “The Keyes Commercial team continues to prove that our firm is a leader across all real estate sectors.”
Keyes is the largest independently owned real estate firm in Florida and a Top 30-ranked firm in the entire United States, and is extremely active in luxury residential real estate. In 2018, Keyes generated $6.7 billion in real estate services across its Family of Companies.
###
About The Keyes Company: Independently-owned and operated since 1926, The Keyes Company is a leader in the real estate industry. Keyes completed a merger with Illustrated Properties in July 2016. Following the merger, Keyes has 58 offices and more than 3,000 Associates. It generated $6.7 billion in annual real estate sales and services in 2018. Keyes’ offices are distributed throughout six counties – Miami-Dade, Broward, Palm Beach, Martin, St. Lucie, and Volusia. Keyes expands our Associates’ reach globally as a Founding Member and Shareholder of Leading Real Estate Companies of the World®. In addition to our Associates’ expertise, The Keyes Company offers a suite of resources to cover whatever needs arise while buying or selling your home. Your mortgage, title, insurance, and property management needs can all be managed in-house, allowing us to close your deal with speed and efficiency while giving you the opportunity to talk to a real person whenever you have a question.
