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 116 Northeast 24th Street, Edgewater, Miami, FL, USA
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)
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
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)
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
116 Northeast 24th Street, Edgewater, Miami, FL, USA
29,200 SF
116 Northeast 24th Street, Edgewater, Miami, FL, USA
$7,200,000
Development Site
29,200 SF
1+
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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:
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