Four Miami Apartment Buildings Sold

MIAMI-Four related corporations have purchased the same number of apartment buildings with a combined 204 units here from related Panamanian corporations. The sellers in each deal were both Kalla Investments and Kegi Investments. The purchasing corporations are all controlled by investor S. Chelminsky.

The total purchase price was more than $9.1 million, with the average purchase price for the units being nearly $43,000. The sales all closed in the past month.

Three of the transactions were in Biscayne Gardens: -City King Apartments LLC bought the 51-unit building at 13055 N.E. 6th Ave. for $2.18 million, or an average of approximately $42,745 per unit; – Miami King Apartments LLC bought the 60-unit building at 15390 N.E. 6th Ave. for $2.64 million, or about $44,000 per unit; – The King’s Apartments LLC bought the 59-unit building at 400 N.E. 137th St. for $2.54 million, or about $43,051 per unit.