PR Group Florida Acquires Development Site In Miami's Edgewater For $17.1M

A development site located at 426 & 434 NE 28th St and 423 NE 27th St in Miami - Edgewater has been sold for a total of $17,154,000. The property consists of 128 units with an average price per unit of $134,016. The total square footage of the site is 37,379, resulting in a price per square foot of $458. The sale was completed on 06/24/2022.

Summary of transaction details:

• Property Type: Development Site
• Transaction Amount: $17,154,000
• Units: 128
• Price per Unit: $134,016
• Square Footage: 37,379
• Price per Square Foot: $458
• Address: 426 & 434 NE 28th St, 423 NE 27th St
• Market: Miami - Edgewater

Representing the buyer, PR Group Florida, in this lot assemblage deal was Jim Agard from Vendome Capital. The seller, consisting of Alex Pavlosky, Wesley Bradley, and Octavio Maza, was represented by Freddie Klein from The Porosoff Group for the sale of 423 NE 27th St. The lot assemblage has been successfully completed with the assistance of Jim Agard.