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Private Capital Group Acquires 10-Unit Multifamily In Belle Meade For $2.28M With Buyer’s Reps Jesse Spencer And Juan Sotolongo

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SOLD
$2,280,000
Juan C. Sotolongo
Jesse Spencer

Florida

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MultiFamily7,162 SF
Sold 07/11/2025
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Property Image
SOLD

Private Capital Group Acquires 10-Unit Multifamily In Belle Meade For $2.28M With Buyer’s Reps Jesse Spencer And Juan Sotolongo

694 Northeast 76th Street

See Similar Deals
MultiFamily7,162 SF
Sold 07/11/2025
Juan C. Sotolongo
Jesse Spencer
the dealplayerscompscontact
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Summary

FLORIDA
Asset Type:MultiFamily
Price Per Square Foot:$318
Total Square Footage:7,162 SF
Transaction Type:Sale

The property involved in this transaction is a multifamily asset located at 694 Northeast 76th Street in Miami. The sale price for this property was $2,280,000, which includes 10 units. The total square footage of the property is 7,162, resulting in a price per unit of $228,000 and a price per square foot of $318.

Summary of transaction details:

  • Property Type: Multifamily
  • Transaction Amount: $2,280,000
  • Units: 10
  • Square Footage: 7,162
  • Price Per Unit: $228,000
  • Price Per Square Foot: $318
  • Seller: Edward Pontchek
  • Buyer's Representative: Juan Sotolongo & Jesse Spencer – Compass
  • Date of Sale: 07/11/2025
  • Market: Miami

J+ Group at Compass Commercial, led by Jesse Spencer and Juan Sotolongo, played a pivotal role in representing the buyer in this acquisition. The buyer is a private capital group headed by Jesse Spencer, focusing on repositioning and strategic enhancements to maximize the property's value while retaining its historic charm and future potential.

Players

Jesse Spencer
Compass
Jesse Spencer
15 deals$59.5M volume(305) 632-7195
BROKER
Juan C. Sotolongo
Compass
Juan C. Sotolongo
12 deals$50.3M volume(786) 227-1055
BROKER
Compass
Compass
BROKERAGE

Details

SOLD
IMAGE: Juan Sotolongo & Jesse Spencer DATE: 07/11/2025 ADDRESS: 694 Northeast 76th Street MARKET: Miami ASSET TYPE: Multifamily SELLER: Edward Pontchek BUYER'S REP: Juan Sotolongo (@Juan.Sotolongo) & Jesse Spencer (@Jesse.d.Spencer) - Compass (@Compass) SALE PRICE: $2,280,000 UNITS: 10 ~ PPU: $228,000 SF: 7,162 ~ PPSF: $318 NOTE FROM BUYER'S REP: Just Closed | Belle Meade | 10-Unit Multifamily J+ Group at Compass Commercial, led by Jesse Spencer and Juan Sotolongo, represented the buyer in the acquisition of 694 NE 76th Street — the only multifamily property located within the gated community of Belle Meade, one of Miami’s most exclusive single-family neighborhoods. The property includes 10 units, with two oversized top-floor residences featuring private rooftop terraces, plus on-site parking — a rare combination poised for long-term upside. The buyer was a private capital group led by Jesse Spencer. Through repositioning and strategic enhancements, the team will focus on maximizing value while preserving the building’s historic charm and future potential.

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