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.
Key International has placed its assemblage of low-rise apartment buildings in
with an asking price of $12 million.
The listing, announced by Marcus & Millichap on Wednesday, includes a collec properties at 931 Southwest 3rd Street and 910 Southwest 2nd Street in Miami With 79 units and 51,774 square feet of rentable space, the asking price breaks per unit and $231 per foot.
CORAL GABLES, FL -- Marcus & Millichap (NYSE: MMI), a leading commercial real estate investment services firm with offices throughout the United States and Canada, announced the sale of Capri Apartments, a 42-unit apartment property located in Coral Gables, FL. The asset sold for $6,281,000 which represents $149,548 per unit. Arthur D. Porosoff, a vice president investments in Marcus & Millichap's Miami office, had the exclusive listing to market the property on behalf of the seller, a New York-based private investor. The buyer, a fund manager in New York, was also secured and represented by Porosoff.
MIAMI, FL - Marcus & Millichap Real Estate Investment Services, the nation's largest real estate investment services firm, has announced the sale of Las Villas Apartments, a 21-unit apartment property located in the Little Havana submarket of Miami, FL. The asset sold for $3,430,000 representing $163,333 per unit.
Associates Victor Pastor and Rafael Fermoselle, along with Vice President Investments Arthur D. Porosoff of Marcus & Millichap's Miami office, had the exclusive listing to market the property on behalf of the seller, a limited liability company from Miami. The buyer, a private investor from New York, was also secured and represented by Pastor, Fermoselle and Porosoff.
Updated 2:15 p.m., July 7: New York investors Jack Avid and Steven Oved are diving into Coconut Grove
with the purchase of a seven-story apartment building fronting South Dixie Highway.
Avid and Oved paid $11.1 million for the building at 2890 Virginia Street in Miami. The investors have been active in South Beach, but their background is in buying hotels and apartment buildings in New York, according to published reports.