Alta Developers Acquires Multifamily Property In Wynwood For $67M

An impressive multifamily property located at 2500 Biscayne Boulevard in Wynwood has been sold for a staggering price of $67,000,000. The transaction took place on 12/01/2021, involving a total of 156 units. This translates to a per-unit price of $429,487, showcasing the high value of the property. The buyers in this deal were Alta Developers, while the sellers were Respark Residential.

Summary of transaction details:

• Property Type: Multifamily
• Transaction Amount: $67,000,000
• Address: 2500 Biscayne Boulevard
• Market: Wynwood
• Buyer: Alta Developers
• Seller: Respark Residential
• Brokers: Roberto Pesant, Jaret Turkell, Omar Morales, and Jose Mota - Berkardia
• Units: 156
• Price per Unit: $429,487

The deal was facilitated by the brokers Roberto Pesant, Jaret Turkell, Omar Morales, and Jose Mota from Berkardia. Their expertise in the market played a significant role in the successful completion of this transaction. The sale of this multifamily property at such a remarkable price signifies the strong demand and potential for growth in Wynwood's real estate market.