Newton Ng Acquires Office Building In Miami For $5.1M

An office property located at 46 SW 1st Street in Miami has been sold for a price of $5,125,000. The property spans 20,000 square feet, resulting in a price per square foot of $256. The transaction took place on November 29, 2022.

Summary of transaction details

• Property Type: Office
• Transaction Amount: $5,125,000
• Square Footage: 20,000
• Price per Square Foot: $256
• Address: 46 SW 1st Street, Miami

The buyer of the property was Newton Ng, while the sellers were Abby Meiselman and Harris Buchbinder. The deal was facilitated by the broker representatives Jonathan De La Rosa, Brandon Holmes, Matthew Albregts, Alex D'Alba, Scott Sandelin, and Manny Chamizo from Marcus & Millichap.