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Sentinel Corp. Acquires Multifamily Portfolio In Miami Beach & Bay Harbor Islands For $96.5M

705 & 760-762 Lenox, 710, 948-952, 1025 & 1567 Meridian, 715 Michigan, 844-860, 1251, 1440, 1455 & 700 Euclid, 850 15th Street, 1135 8th Street 1600 West Avenue, 1606 West Avenue, 825 Alton, 951 & 1017 Jefferson, 1110, 1326 & 1336 Penn, 1226 & 1348 Drexel, 1211 Alton Road, 9200, 9270 & 10150-10190 East Bay Harbor Drive & 1075 101 Street
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This MultiFamily property located in FL was sold for $96,500,000 almost 3 years ago. The brokers of the deal were Zachary (Zack) Sackley, Calum Weaver, Troy Ballard, Robert Given, and Aaron Jungreis

The sale of a multifamily property portfolio in Miami Beach and Bay Harbor Islands has been completed for a total price of $96,500,000. The portfolio consists of 452 units, with a price per unit of $213,495. The properties included in the sale are located at 705 & 760-762 Lenox, 710, 948-952, 1025 & 1567 Meridian, 715 Michigan, 844-860, 1251, 1440, 1455 & 700 Euclid, 850 15th Street, 1135 8th Street 1600 West Avenue, 1606 West Avenue, 825 Alton, 951 & 1017 Jefferson, 1110, 1326 & 1336 Penn, 1226 & 1348 Drexel, 1211 Alton Road, 9200, 9270 & 10150-10190 East Bay Harbor Drive & 1075 101 Street.

Summary of transaction details

  • Property Type: Multifamily
  • Transaction Amount: $96,500,000
  • Units: 452
  • Price per Unit: $213,495

The buyer for this transaction is Sentinel Corp., represented by John Streicker, Michael Streicker, Scott Arden, Martin Cawley, and George Tietjen. The seller is Boardwalk Properties, represented by the Gober Family and Adam Walker. The brokers involved in the deal are Calum Weaver, Robert Given, Zach Sackley, Troy Ballard, and Aaron Jungreis from Cushman & Wakefield and RosewoodRG.

View Related

Deals
  • Location
    705 Lenox Avenue, Miami Beach, FL, USA705 Lenox Avenue, Miami Beach, FL, USA
  • Sale Price
    $96,500,000$96,500,000
    $12,866 PPSF$12,866 PPSF
  • Area
    7,500 SF7,500 SF
  • Asset Type
    MultiFamilyMultiFamily
  • Parties
    5 Brokers, 3 Agencies5 Brokers, 3 Agencies

Agents

Zachary (Zack) Sackley

Zachary (Zack) Sackley

Deals7
Sold$732.9M

Robert Given

Robert Given

Deals20
Financed$1.7B

Agencies

Cushman & Wakefield

Cushman & Wakefield

Agency
Deals4190
Volume$167B

CBRE

CBRE

Agency
Deals4231
Volume$184.3B

Rosewood Realty Group

Rosewood Realty Group

Agency
Deals370
Volume$6.5B

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Deal Summary

SALE IMAGE: Robert Given, John Streicker, Scott Arden, Zach Sackley, Troy Ballard, Calum Weaver, Michael Streicker & Aaron Jungreis DATE: 04/21/2021 ADDRESS: 705 & 760-762 Lenox, 710, 948-952, 1025 & 1567 Meridian, 715 Michigan, 844-860, 1251, 1440, 1455 & 700 Euclid, 850 15th Street, 1135 8th Street 1600 West Avenue, 1606 West Avenue, 825 Alton, 951 & 1017 Jefferson, 1110, 1326 & 1336 Penn, 1226 & 1348 Drexel, 1211 Alton Road, 9200, 9270 & 10150-10190 East Bay Harbor Drive & 1075 101 Street MARKET: Miami Beach & Bay Harbor Islands ASSET TYPE: Multifamily BUYER: Sentinel Corp. - John Streicker, Michael Streicker, Scott Arden, Martin Cawley & George Tietjen SELLER: Boardwalk Properties - Gober Family & Adam Walker BROKERS: Calum Weaver, Robert Given, Zach Sackley & Troy Ballard - Cushman & Wakefield & Aaron Jungreis - @RosewoodRG PRICE: $96,500,000 UNITS: 452 ~ PPU: $213,495

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705 & 760-762 Lenox, 710, 948-952, 1025 & 1567 Meridian, 715 Michigan, 844-860, 1251, 1440, 1455 & 700 Euclid, 850 15th Street, 1135 8th Street 1600 West Avenue, 1606 West Avenue, 825 Alton, 951 & 1017 Jefferson, 1110, 1326 & 1336 Penn, 1226 & 1348 Drexel, 1211 Alton Road, 9200, 9270 & 10150-10190 East Bay Harbor Drive & 1075 101 Street

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