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Miami River Land (1.56 acres) $5,600,00
729 NW 2nd Street, Miami, FL
Closed: 04/2005
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12 Apartment Units $1,200,000
1220 Alton Road, Miami Beach, FL
Closed: 10/04
South Beach condominium conversion
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12 Apartment Units $1,300,000
1045 LENOX AVENUE, Miami Beach, FL
Closed: 10/2004
The subject property is a 2 story
concrete building consisting of 12 units in a
prime South Beach location. The building has 4
- 2 bedroom apartments and 8 - 1 bedroom apartments.
The property is ideally suited for a condomominium
conversion. The property is located within one
block of Flamingo Park and Alton Road which offers
many retail establishments.
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39 Apartment Units $4,700,000
Renzi Gardens Apartments
2734 Bird Avenue, Coconut Grove, FL
Closed: 09/2004
2000 construction, all 1 BR/1BA
units in the heart of Coconut Grove. All units
feature washer/dryers in units, central AC, balconies
and gated parking. Perfect condominium conversion
opportunity.
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29 Units $3,100,000
3071 SW 27 Ave., Coconut Grove, FL
Closed: 08/2004
1964 concrete construction condominium
conversion opportunity in the heart
of Coconut Grove. Good mix of Studio,1 BR and
2 BR units.
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19 Apartment Units $775,000
676 SW 2 Street, Miami, FL
Closed: 08/2004
Prime Little Havana location
with excellent upside in rents (15-25%). Constructed
in 1933, this property is newly painted insided
and out. The electrical has been rewired and electric
meters have been moved outsideto meet code.
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12 Apartment Units $1,200,000
1341 15TH Street, Miami Beach, FL
Closed: 07/2004
The
subject property is a 12 unit apartment building
consisting of ten 1BR and two 2BR apartments located
in South Beach Florida. The poroperty was built
in 1951 and is CBS construction.
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20 Apartment Units $1,725,000
2400 CORAL WAY, Miami, FL
Closed: 06/2004
The
subject property is a 20 unit apartment building
situated on Coral Way in the city of Miami, Florida.
Coral Way is an historic road lined with century
old Banyan trees that connects downtown Miami
with Coral Gables.
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12 Apartment Units $880,000
107 SW 18TH COURT, Miami, FL
Closed: 06/2004
The subject property is situated
in the Flagler Street corridor in the city of
Miami, Florida, close to transportation, shopping,
employment centers and downtown Miami.
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310 Units $26,020,000
Tropical Village Apartments
6175 NW 186 Street, Miami Lakes, FL
Closed: 06/2004
Condo conversion property. 1991 construction,
large units, many amenities.
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36 Units $2,755,000
142 SW 18th Ave.,Miami, FL
Closed: 06/2004
1987 construction, good unit mix, potential
condo conversion with lots of parking in
prime Little Havana location.
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68 Units $3,525,000
390 NE 125 Street, North Miami, FL
Closed: 05/2004
Rehab opportunity, potential future condo conversion
in high demand rental market.
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46 Units $3,600,000
3800 SW 102 Ave., Miami, FL
Closed: 05/2004
Ferne Apartments is a 46 unit apartment complex,
located in Southwest Miami-Dade County. The property was built in
1969 and is CBS construction. The property consists of two buildings
and has been well maintained by the current owner. The property has
ample parking for tenants (70 spaces). The unit mix consists of 2
efficiencies, 36 one bedrooms and 8 two bedroom, one bathroom units.
The current owner has owned this asset for over 20 years and there is
room to increase rents. The units have central a/c and tile in the
kitchen areas and carpet in the bedrooms.
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42 Apartment Units $2,965,000
1310 NW 22ND AVENUE, Miami, FL
Closed: 05/2004 The
subject property is a 42 unit apartment building
situated just south of the Miami River, on NW
22nd Avenue in the city of Miami, Florida, conveniently
located close to transportation, shopping, Miami
International Airport and other major employment
centers.
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24 Apartment Units $1,190,000
2137 NW 18TH TERRACE, Miami, FL
Closed: 05/2004The
subject property is a 24 unit apartment complex
comprised of six buildings in Miami , Florida,
situated just north of the Miami River and just
east of NW 22nd Avenue , close to transportation,
shopping, Miami International Airport and major
employment centers.
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12 Apartment Units $490,000
7521-7535 NE 2 Ct, Miami, FL
Closed: 04/2004
The buildings were constructed
in 1969 of concrete block and are in very good
condition, having been renovated. Improvements
include a new roof on one of the buildings, new
tile floors, new paint and new Medeco security
gates. The building also features off-street parking.
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| 100 UNITS $9,000,000
2200 & 2600 S. Ocean Drive, Hollywood, FL
Closed: 04/2004
100 unit waterfront condominium conversion property
on Intracoastral
Waterway. |
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| 34 UNITS $1,500,000
420 NW 10th Street, Miami, FL
Closed: 02/2004
Totally renovated rental building in emerging
Overtown area of downtown Miami. |
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| 16 UNITS $460,000
750-754 NW 70 STREET, MIAMI, FL
Closed: 01/2004
1967 concrete construction with off-street parking.
Central Miami-Dade location, close to I-95. Most
units submetered for water. Big rental upside.
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9 Units $398,000
1144 SW 5 Street, Miami, FL
Closed: 01/2004
8 unit apartment building plus
3 BR single family home in Litle Havana.
Many updates include central AC in several units.
Easy to manage, rental upside, great owner/occupant
opportunity.
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| 30 Units $1,650,000
845 West 74 Street, Hialeah, FL
Closed: 12/2003
Value added rental income or
condominium conversion opportunity. 80% 2 BR units.
Ample off street parking. Significant rental upside
in strong rental and condo market.
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| 167 Units $14,000,000
Brighton West Apartments
8251 NW 8 Street, Miami, FL
Closed: 11/2003
Rental income or condo conversion
opportunity.
1988 construction, 70% 2BR/2BA units, all with
central AC, washer/dryer and balconies. Many amenities
including two pools.
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$5,050,000 109
Units
MV Apartments
1350 W. 6th Ave., Hialeah, FL
Closed: 11/2003
Rehab opportunity in strong rental market. $2.8
million conduit loan assumed.
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$300,000 8 Units
145 NE 82 Terrace, Miami, FL
Closed: 08/2003
Biscayne Boulevard Corridor location. Good unit
mix of 1 and 2 BR Close to I-95 and JFK Causeway
Off -street parking Rental upside.
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$3,498,000 44
Units
616 NW 26 Ave., Miami, FL
Closed: 07/2003
Condominium conversion opportunity. 1996 construction,
all 2BR/2BA units with balconies, central AC and
gated parking.
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$2,225,000 51
Units
16700-16701 NE 21st Ave., North Miami Beach, FL
Closed: 07/2003
Great location, large units, new roof, 2 pools,
huge rental upside. Must assume $1.5 million loan.
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42 units $2,800,000
677 NE 24 Street, Miami, FL
Closed: 06/2003
Condo conversion opportunity. One parcel from
Biscayne Bay. 1000 sq. ft. units with balconies.
Re-emerging Edgewater area. Bay and city views.
1976 construction. 2 elevators and covered parking.
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MARKET MAKER
Edgewater Portfolio
$2,975,000 60 units
454 NE 23 Street, 500 NE 24 Street, 2321-2331
NE 5 Ave., 2337 NE 4 Ave.
Miami, FL
Closed: 03/2003
Four separate buildings within two blocks of each
other on NE 23 Street and NE 24 Street in Edgewater.
This is the hottest area for new development in
Miami; waterfront submarket just north of downtown.
1/2 mile from new Performing Arts Center. Current
rents are 15% below market. 1971 concrete construction.
Sold for $101/sq. ft.
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$840,000 14
units
954 SW 4 Street, Miami, FL
Closed: 03/2003
High demand Little Havana location. Renovated
1966 concrete construction. All 2BR apartments
with barrel tile roof and private parking. Below
market rents. |
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$570,000 20 units
741-749 NW 60 Street, Miami, FL
Closed: 12/2002
Rehab opportunity with rental upside.
8.7 CAP on current numbers.
80% seller financing arranged.
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$830,000 24 units
432 NE 26 Street, Miami FL
Closed: 10/2002
Renovated building three blocks from Biscayne
Bay in re-emerging Edgewater area. All units are
large studios.
9.2 CAP on current numbers with huge rental upside.
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$520,000 14 units
821-825 SW 5 Street, Miami, FL
Closed: 08/2002
14 unit portfolio in 3 buildings in Little Havana.
Mostly 2 Bedroom units in renovated buildings
with parking.
10 CAP on current numbers with rental upside.
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MARKET
MAKER
$475,000 10 units
1614 Harrison Street, Hollywood, FL
Closed: 06/2002
Renovated 1940's building near Young Circle
Entertainment district. Sold for $95/sq. ft.
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$515,000 20
units
1936 SW 2 Street, Miami, FL
Closed: 03/2002
Old Spanish building in Little Havana. Significant
deferred maintenance and below market rents. New
owner is completely renovating building.
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$255,000 12
units
1306 SW 6 Street, Miami, FL
Closed: 02/2002
Old Spanish building in Little Havana. Deferred
maintenance and below market rents. Currently
being renovated by new owner.
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MARKET
MAKER
$400,000 10 units
969 SW 2 Street, Miami FL
Closed: 01/2002
Nicely Renovated Old Spanish building in Little
Havana. First 1920's building to sell for $40,000
per unit in area. |
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