Beitel Group & AIMCO Acquire Development Site In Edgewater For $46.7M

Located in the desirable neighborhood of Edgewater, this development site on 3333 Biscayne Boulevard has recently been sold for a staggering price of $46,700,000. Spanning over 2.91 acres, the site offers a prime opportunity for future development. With a total square footage of 126,760, the price per square foot comes to $369.

Summary of transaction details

• Property Type: Development Site
• Transaction Amount: $46,700,000
• Address: 3333 Biscayne Boulevard
• Market: Edgewater
• Acres: 2.91
• Square Footage: 126,760
• Buyer: Ben Beitel & Julien Darmon from Beitel Group Brooklyn, NY; Andrew Juiris from AIMCO Denver, CO
• Seller: Camila Koelbl from Miami Sunrise Properties LLC Key Biscayne, FL; Kathryn R. Kassner from Miami Beach, FL
• Broker: Landy Toledo from Marcus & Millichap

The deal was facilitated by Landy Toledo from Marcus & Millichap, who represented the buyer and seller in the transaction. This high-value sale showcases the strong demand for development opportunities in Edgewater. The involvement of prominent individuals and companies like Ben Beitel & Julien Darmon, Andrew Juiris, Camila Koelbl, and Kathryn R. Kassner highlights the significance of this deal in the real estate market.