Marcus & Millichap Arranges $30M Sale of Affordable Community in Florida

CUTLER BAY, Fla. — Marcus & Millichap has arranged the $30 million sale of Cabana Club Apartments, a 332-unit affordable seniors housing community in the Miami suburb of Cutler Bay.

The price equates to more than $90,000 per unit.

Kristol and Felipe Echarte represented the seller, a New York-based investment group, and procured the buyer.

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