SOLD
The Pomerantz Family Acquires Normandy Isles Multifamily For $15.9 Million
2050-2070 & 2095 Bay Drive
MultiFamily
35,405 SF
35,405 SF
Sold 1 year ago
Summary
Sale
FLORIDA
MultiFamily
35,405 sqft
The recently closed transaction in Normandy Isles, Miami Beach involved the sale of a multifamily property located at 2050-2070 and 2095 Bay Dr. The property spans a total of 35,405 square feet and consists of 70 units. The sale price for this transaction was $15,852,000, resulting in an average price per unit of $226,457.
Summary of transaction details
- Property Type: Multifamily
- Transaction Amount: $15,852,000
- Units: 70
- Price per Unit: $226,457
- Square Footage: 35,405
- Address: 2050-2070 and 2095 Bay Dr, Normandy Isles, Miami Beach
The buyer in this transaction was The Pomerantz Family. Representing the buyer was Jon Kotler from Keller Williams Elite Properties. On the other side, the seller was represented by Shelly Argy and Ryan Shaw from Marcus & Millichap. It is worth noting that the sale also included the vacant lot at 2095 Bay Dr, which measures 7,250 square feet.
Players
All
5
Agents
3
Agencies
2
Details
SOLD
IMAGE: Ryan Shaw, Jon Kotler & Shelly Argy
DATE: 04/12/2022
ADDRESS: 2050-2070 & 2095 Bay Dr
MARKET: Normandy Isles, Miami Beach
ASSET TYPE: Multifamily
BUYER: The Pomerantz Family
BUYER'S REP: Jon Kotler (@Jon.K) - Keller Williams Elite Properties (@KellerWilliamsRealtyMiami)
SELLER'S REP: Shelly Argy (@ShellyArgy) & Ryan Shaw (@RtShaw29) - Marcus & Millichap (@Marcusmillichap_Fl)
SALE PRICE: $15,852,000
UNITS: 70 ~ PPU: $226,457
SF: 35,405
NOTE FROM BROKER: This transaction included the sale of 2095 Bay Dr, a 7,250sf vacant lot.View on map
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Address2050-2070 & 2095 Bay Drive
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