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116 Northeast 24th Street

The Development Site property located in Miami that spans 29,200 square feet sold for $7,200,000 or $247 PPSF. The deal closed 7 months and 14 days ago. The brokers of the deal were Maria Gueits, Juan Sotolongo and Jesse Spencer

  • Location image 116 Northeast 24th Street, Edgewater, Miami, FL, USA
  • Sold Value
    image $7,200,000
    image $247
  • Asset Type image Development Site
  • Area image 29,200 SF
  • Parties image3 Brokers,1 Lender,1 Agency
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Maria Gueits

  • Deals 2
  • Volume $16,400,000
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Juan Sotolongo

Compass
  • Deals 2
  • Volume $13,300,000
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Jesse Spencer

Compass
  • Deals 4
  • Volume $19,200,000
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Lender
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Compass

Agency
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Comparables: 116 Northeast 24th Street

Showing 4 of 39

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Price Icon $7,000,000

  • StatusSOLD, $120 PPSF
  • Date12/17/21
  • Address824 Northeast 4th Street, Fort Lauderdale, Florida 33301, United States
  • AssetDEVELOPMENT SITE
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Price Icon $6,604,000

  • StatusSOLD, $26 PPSF
  • Date04/04/22
  • AddressNwc Of Cypress Pkwy @ Marigold Ave, Kissimmee, FL 34758
  • AssetDEVELOPMENT SITE
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Price Icon $6,300,000

  • StatusSOLD, $283 PPSF
  • Date02/09/22
  • Address2140 NE 2 Ave, Miami, Florida 33137, United States
  • AssetDEVELOPMENT SITE
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Price Icon $7,000,000

  • StatusSOLD, $353 PPSF
  • Date02/03/22
  • Address1621 Southwest 2nd Avenue, Miami, Florida 33129, United States
  • AssetDEVELOPMENT SITE
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This Deal on Social

SALE
IMAGE: Maria Gueits, Jesse Spencer & Juan Sotolongo
DATE: 10/07/2021
ADDRESS: 116 NE 24th Street
MARKET: Edgewater, Miami
ASSET TYPE: Development Site

SELLER: Carrera Family
BROKERS: Jesse Spencer (@Jesse.D.Spencer) & Juan Sotolongo (@Juan.Sotolongo) – J+ Group (@JPlusGroup) – Compass Commercial; Maria Gueits – Avanti Way (@MariaGueitsRealtor)

ASKING PRICE: $7,200,000
SALE PRICE: $7,200,000
BSF: 29,200 ~ PPBSF: $247

NOTE: The land was part of a large land assemblage zoned for Multifamily Development (Zoned T6-8-O).

Commercial investors based in New York saw an opportunity in the location at the cross streets of NW 24th St and Biscayne Blvd. The undisclosed investor group is focused on South Florida for new developments to build market-rate rentals. Similar land lots are available in Edgewater and surrounding areas. The buyers were represented by J+ Group at Compass Commercial brokers, Jesse Spencer and Juan Sotolongo. Sellers were represented by Avanti Way agent, Maria C. Gueits.

Deal Highlights

Sold for $7,200,000
29,200 Square Foot
Buyers Won Over Multiple Offers
Multifamily Development Zone T6-8-O
Premium Location in New Development area

The neighborhood of Edgewater is prime bayfront real estate in Miami Florida. It is ideally located between Downtown Miami and Design District, just east of major art and retail districts of Midtown and Wynwood.

Recent population increases in Edgewater have created the demand for luxury residences with resort-style amenities and sweeping views of Biscayne Bay. The possibilities in Edgewater abound as new construction developments continue to grow. Contact J+ Group to inquire further on the many commercial real estate investment opportunities in Edgewater.

Buyer Representation:
Juan C. Sotolongo
juan.sotolongo@compass.com
786.227.1055

Jesse Spencer
jesse.spencer@compass.com
305.632.7195

Sellers Representation:
Maria Gueits, Avanti Way
magueits@gmail.com
(305) 321-1033

Text Content: img

SALE
IMAGE: Maria Gueits, Jesse Spencer & Juan Sotolongo
DATE: 10/07/2021
ADDRESS: 116 NE 24th Street
MARKET: Edgewater, Miami
ASSET TYPE: Development Site

SELLER: Carrera Family
BROKERS: Jesse Spencer (@Jesse.D.Spencer) & Juan Sotolongo (@Juan.Sotolongo) – J+ Group (@JPlusGroup) – Compass Commercial; Maria Gueits – Avanti Way (@MariaGueitsRealtor)

ASKING PRICE: $7,200,000
SALE PRICE: $7,200,000
BSF: 29,200 ~ PPBSF: $247

NOTE: The land was part of a large land assemblage zoned for Multifamily Development (Zoned T6-8-O).

Commercial investors based in New York saw an opportunity in the location at the cross streets of NW 24th St and Biscayne Blvd. The undisclosed investor group is focused on South Florida for new developments to build market-rate rentals. Similar land lots are available in Edgewater and surrounding areas. The buyers were represented by J+ Group at Compass Commercial brokers, Jesse Spencer and Juan Sotolongo. Sellers were represented by Avanti Way agent, Maria C. Gueits.

Deal Highlights

Sold for $7,200,000
29,200 Square Foot
Buyers Won Over Multiple Offers
Multifamily Development Zone T6-8-O
Premium Location in New Development area

The neighborhood of Edgewater is prime bayfront real estate in Miami Florida. It is ideally located between Downtown Miami and Design District, just east of major art and retail districts of Midtown and Wynwood.

Recent population increases in Edgewater have created the demand for luxury residences with resort-style amenities and sweeping views of Biscayne Bay. The possibilities in Edgewater abound as new construction developments continue to grow. Contact J+ Group to inquire further on the many commercial real estate investment opportunities in Edgewater.

Buyer Representation:
Juan C. Sotolongo
juan.sotolongo@compass.com
786.227.1055

Jesse Spencer
jesse.spencer@compass.com
305.632.7195

Sellers Representation:
Maria Gueits, Avanti Way
magueits@gmail.com
(305) 321-1033

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Contact Maria Gueits

Maria's passion is helping others achieve their dreams. She takes pride in working hard to bring her client's the greatest...

Juan advises owners of Commercial & Residential properties in South Florida to strategically position their assets based on their goals,...

Relocating to South Florida from the Pacific Northwest over a decade ago, Jesse has been selling Real Estate in South...

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