Sterling American Property's Richard Wilpon & Michael Katz Secure $97M Loan For Mixed-Use Property In Miami

125 Northeast 32nd Street, Miami, FL 33137

$97,000,000

$138/SF

Building Size

701,056 SF

Asset Type

Mixed-use

Closing

Jan 6, 2022

AI

Richard Wilpon & Michael Katz have secured a $97,000,000 loan from MetLife for the mixed-use property located at 125 NE 32nd Street in Miami. The property spans approximately 701,056 square feet and consists of 400 units, situated on a 1.9-acre plot.

Summary of transation details

Property Type: Mixed-use
Transaction Amount: $97,000,000
Address: 125 NE 32nd Street
Market: Miami
Square Footage: 701,056
Units: 400
Acres: 1.9

Sterling American Property, represented by Richard Wilpon & Michael Katz, serves as the landlord for the property in question. This loan from MetLife will provide the necessary financial support for their venture.

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