June 2016 Sales in North Miami / North Miami Beach

Posted on Posted in Sales

6/30/2016: 665 NE 113rd Street, North Miami Beach, FL 33162 (Multifamily):

a 18-unit 2-story 11,590 SF apartment complex built 1967 on 0.52 acres was sold for $1,886,500. It was originally listed at $2,000,000. The sale translates to $104,805 / unit or $162/sf.

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6/30/2016: 16030 NE 19th Ct, North Miami Beach, FL 33162 (Multifamily):

a 27-unit apartment complex (26,661 SF on 0.62ac, built in 1968) was sold for $2,450,000. It translates to $92/SF or $90,741 per unit. It was originally listed for $2,565,000.

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6/28/2016: 790 NE 128th Street (Multifamily):

24-unit 27,164SF 4-story building built in 1971 sitting on 0.36 acres of land was sold for $2,800,000. The sale translates to $103/SF or $116,666 per unit. Originally, it was listed for sale at $3,000,000.

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6/24/2016: 20895 E Dixie Hwy (Office):

One 2-story 2,718SF medical office built in 1971 on 0.11 acres was sold for $790,000. Originally it was listed for $825,000 in April 2016.

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6/17/2016: 12010 NE 16th Ave, Miami, FL 33161 (Multifamily):

240-unit 272,311SF apartment complex built in 2013 on 9.64 acres was sold for $52,700,000. It translates to $219,500 per unit, or $193/SF.

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6/15/2016: 125 NE 168th Street (Office):

1-story 4,568SF office building built in 1985 on 0.46 acres was sold for $835,000. The sale translates to $182/SF.

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6/15/2016: Grand Island Apartments & Grand Island Place III (Multifamily):

1495 NE 167th Street & 2375 NE 173rd Street

Two apartment complexes (110 units / 51,549SF & 59,382SF /2.23ac & 0.83ac) were sold for combined $11,000,000. Originally, there were listed early in 2016 at $7,200,000 & $6,000,000. The sale translates to $100,000 / unit or $100/SF.

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6/14/2016: 12500 Biscayne Blvd, North Miami, FL 33181 – Boston Market (Retail):

Single story 3,313 SF building (year 1970) on 0.59 acres was sold for $2,290,000. The sale translates to $691/SF.

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6/8/2016: 2900 NE 207 ST, Aventura FL 33145 – Aventura Park Square – Senior Living:

0.44 acres commercial land was sold for $7,000,000. A 144-unit senior living facility is proposed at the site as part of “Aventura Park Square”. The sale translates to $365/SF of land.

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