Search
 

Little Havana Apartments Sell for $1M

MIAMI-Twelve investors toured the Flagler Terrace Apartments, and five buyers bid on the 22-unit complex in two weeks. The deal reveals a pent-up demand for small apartment communities.

By Jennifer LeClaire | Updated on September 27, 2010

MIAMI, FL-Flagler Terrace Apartments, a 22-unit apartment community in Miami, has sold for $1.45 million, or $65,000 a unit. The property attracted 12 potential buyers and received five offers in the two weeks it was on the market.

Marcus & Millichap Real Estate Investment Services’ Senior Associate Ronnie Issenberg and Associate Scott Sandelin of the Miami office represented the seller, a private investor from Aventura. Associate Arthur Porosoff, also of the Miami office, secured the buyer of the property, a private investor from Doral.

Want to continue reading?
Become a Free ALM Digital Reader.

Once you are an ALM digital member, you’ll receive:

  • Unlimited access to GlobeSt and other free ALM publications
  • Access to 15 years of GlobeSt archives
  • Your choice of GlobeSt digital newsletters and over 70 others from popular sister publications
  • 1 free article* every 30 days across the ALM subscription network
  • Exclusive discounts on ALM events and publications

*May exclude premium content
Already have an account?

NOT FOR REPRINT

© 2024 ALM Global, LLC, All Rights Reserved. Request academic re-use from www.copyright.com. All other uses, submit a request to [email protected]. For more information visit Asset & Logo Licensing.

GlobeSt

Join GlobeSt

Don't miss crucial news and insights you need to make informed commercial real estate decisions. Join GlobeSt.com now!

  • Free unlimited access to GlobeSt.com's trusted and independent team of experts who provide commercial real estate owners, investors, developers, brokers and finance professionals with comprehensive coverage, analysis and best practices necessary to innovate and build business.
  • Exclusive discounts on ALM and GlobeSt events.
  • Access to other award-winning ALM websites including ThinkAdvisor.com and Law.com.

Already have an account? Sign In Now
Join GlobeSt

Copyright © 2024 ALM Global, LLC. All Rights Reserved.