Julien Ridon & Christophe Petit Acquire Edgewater Development Site For $13.1M

Located in the Edgewater market, the development site at 423 NE 27th St has been sold for a total of $13,100,000. The property, spanning 26,379 square feet, offers a low price per square foot of $497. The transaction involved the sale of 90 units, with a price per unit of $145,556.

Summary of transaction details

• Property Type: Development Site
• Transaction Amount: $13,100,000
• Address: 423 NE 27th St
• Market: Edgewater

The buyer in this transaction was Julien Ridon & Christophe Petit, while the seller was Octavio Maza. Representing the buyer, Jim Agard from Vendome Capital facilitated the deal. On the seller's side, Fredrick Klein, Arthur Porosoff, and David Cohen, who are affiliated with Porosoff Group and Compass, acted as the seller's representatives.