Eli Dadon Of Adar Investments Acquires Development Site In Miami For $5.2M

The asset involved in this transaction is a development site located at 137 North Miami Avenue in the Miami market, purchased for $5,200,000. This site is designated for the development of 172 luxury condo units, with a price per unit calculated at $30,232.

Summary of transaction details:

• Property Type: Development Site
• Transaction Amount: $5,200,000
• Units: 172
• Price Per Unit: $30,232
• Buyer: Eli Dadon - Adar Investments and Management
• Seller: Jonas Ahsberg - Scanda Properties
• Broker Representatives: Shai Ben Ami & Linn Ahsberg - Urban Core

Eli Dadon of Adar Investments and Management has completed the acquisition of the Manhattan site, which will contribute to the growth of residential luxury offerings in downtown Miami. Jonas Ahsberg represented Scanda Properties as the seller in this transaction.