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Naftali Group Acquires Development Site In Downtown Miami For $40.5M

1016 Northeast 2nd Avenue
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This Development Site property located in FL was sold for $40,500,000 about 2 years ago. The brokers of the deal were Bradley Arendt, Cecilia Estevez, and Mika Mattingly

Naftali Group has acquired a development site in Downtown Miami for $40,500,000. The property, located at 1016 NE 2nd Ave, boasts a total square footage of 44,500. The price per square foot comes to approximately $910.

Summary of transaction details

  • Property Type: Development Site
  • Transaction Amount: $40,500,000
  • Address: 1016 NE 2nd Ave, Downtown Miami

The buyer, Naftali Group, successfully completed the acquisition from the seller, Akara Partners. The deal was facilitated by Mika Mattingly, Cecilia Estevez, and Bradley Arendt from Colliers Urban Core Division, representing both the buyer and seller as brokers.

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Deals
  • Location
    1016 NE 2nd Ave, Miami, Florida 33132, United States1016 NE 2nd Ave, Miami, Florida 33132, United States
  • Sale Price
    $40,500,000$40,500,000
    $910 PPSF$910 PPSF
  • Area
    44,500 SF44,500 SF
  • Asset Type
    Development SiteDevelopment Site
  • Parties
    3 Brokers, 1 Agency3 Brokers, 1 Agency

Agents

Bradley Arendt

Bradley Arendt

Deals14
Financed$141.6M

Agency

Colliers International

Colliers International

Agency
Deals1674
Volume$36.2B

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Deal Summary

SALE IMAGE: Mika Mattingly, Bradley Arendt & Cecilia Estevez DATE: 03/25/2022 ADDRESS: 1016 NE 2nd Ave MARKET: Downtown Miami ASSET TYPE: Development Site BUYER: Naftali Group (@Naftali_Group) SELLER: Akara Partners (@AkaraPartners) BROKERS: Mika Mattingly, Cecilia Estevez & Bradley Arendt - Colliers Urban Core Division SALE PRICE: $40,500,000 BSF: 1,100,000 ~ PPBSF: $37 SF: 44,500 ~ PPSF: $910

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1016 Northeast 2nd Avenue

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