Lerner Enterprises Acquires Multifamily Property In Dadeland, Miami For $114M

The multifamily property located at 8400 S Dixie Hwy in Dadeland, Miami has been sold for a total price of $114,000,000. The transaction took place on October 15, 2021.

Summary of transaction details

• Property Type: Multifamily
• Transaction Amount: $114,000,000
• Address: 8400 S Dixie Hwy
• Market: Dadeland, Miami
• Buyer: Lerner Enterprises - Mike Cohen
• Seller: 13th Floor & Barings - Arnaud Karsenti
• Buyer's Rep: Rob Carey & Ted Taylor - JLL
• Seller's Rep: Hampton Beebe & Avery Klann - Newmark
• Units: 294
• Price Per Unit (PPU): $387,755
• Square Footage: 264,423
• Price Per Square Foot (PPSF): $431

The buyer in this transaction is Lerner Enterprises represented by Mike Cohen. They acquired the property from the seller, 13th Floor and Barings, who were represented by Arnaud Karsenti. The buyer was assisted by Rob Carey and Ted Taylor from JLL, while the seller was represented by Hampton Beebe and Avery Klann from Newmark.