Harbor Group International Acquires Multifamily Property In Miami For $50M

The multifamily property located at 275 Fontainebleau Blvd. in Miami, FL, was recently sold for $50,000,000. The property consists of 133 units with an average price per unit of $375,940. The total square footage of the property is 103,035, with a price per square foot of $485. The sale was completed on 04/13/2022.

Summary of transaction details

• Property Type: Multifamily
• Transaction Amount: $50,000,000
• Units: 133
• Price per Unit: $375,940
• Square Footage: 103,035
• Price per Square Foot: $485
• Date: 04/13/2022
• Address: 275 Fontainebleau Blvd.
• Market: Miami, FL

The buyer in this transaction was Harbor Group International, represented by Jordan Slone and Richard Litton. The seller was Gomez Development, represented by Marlon Gomez. The deal was facilitated by Steven Vegh of Westwood Realty Associates.