Ricardo Dunin & Arturo Vidal Acquire Development Site In Brickell, Miami For $7M

The development site located at 1621 SW 2nd Ave in Brickell, Miami has been sold in a closed transaction. The property spans 19,894 square feet and was sold for a price of $7,000,000, resulting in a price per square foot of $352. The total buildable square footage of the site is 124,338, with a price per buildable square foot of $56. The property was previously listed for $8,500,000.

Summary of transaction details:

• Property Type: Development Site
• Transaction Amount: $7,000,000
• Address: 1621 SW 2nd Ave, Brickell, Miami
• Market: Brickell, Miami

The buyers of the property were Ricardo Dunin and Arturo Vidal of Oak Capital. The seller of the property was Diego Manfio. Fabio Faerman of FA Commercial represented the seller in the transaction as the seller's representative.