Monday, September 19, 2016

Marcus & Millichap Arranges $1.26 Million Sale of 33-Unit Miami, FL Apartment Building

33-Unit Miami, FL Apartment Building, 1281 NW 61st Street, Miami, FL

Felipe J. Echarte
MIAMI, 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 1281 Building, a 33-unit apartment property located in Miami, FL, according to Ryan Nee, regional manager of the firm’s Fort Lauderdale office. The asset sold for $1,260,000.

Alejandro Gonzalez, associate, Evan P. Kristol, senior vice president investments, and Felipe J. Echarte, vice president investments, all in Marcus & Millichap’s Fort Lauderdale office, had the exclusive listing to market the property on behalf of the seller, a limited liability company from Miami, FL.  The buyer was a private investor from Fort Lauderdale, FL.

Built in 1957 on a 0.36 acre lot the property is comprised of 33 units in a three-story building.  The unit mix is comprised of 30 one-bedroom/one-bathroom units and three two-bedroom/one-bathroom units. 

1281 Building is located at 1281 NW 61st Street in Miami, FL is located within the Liberty City submarket on the corner of Northwest 61st Street and 13th Avenue.

For a complete copy of the company’s news release, please contact:

Ryan Nee
Vice President / Regional Manager
 Fort Lauderdale, FL
(954) 245-3400

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