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A local investor paid $8.6 million for two rental buildings in northern Coral Gables, with plans to renovate the properties and raise rents.
Capri Street Partners, a New York-based company controlled by Alfred Sayegh, sold the buildings at 800-801 Capri Street to Capri Elite Holdings LLC, led by Ivan Ryabushkin, according to property records. The 42-unit deal breaks down to about $205,000 per apartment.
A private investor from New York City bought Gardens of Miami Center, a Miami shopping center, for $7.2 million, or $137 per square foot.
The two-story shopping center at 4840 Northwest 183 Street spans 52,467 square feet. Gardens of Miami Center was 21 percent vacant at closing. Its national tenants include Bank of America, Check ‘N Go, Dunkin’ Donuts, Humana and Metro PCS.
New York-based Burke Leighton has acquired two apartment buildings in Miami and North Miami Beach for $11 million, or $100,000 per unit.
Grand Island Square, a North Lauderdale-based partnership led by Kris Persaud and Eyal Mehaber, sold the two buildings at 1495 Northeast 167th Street and 2350 Northeast 173rd Street, also known as Grand Island 2 and Grand Island 3.
New York-based Burke Leighton is expanding its South Florida portfolio with the $10.8 million purchase of a newly completed apartment building in Little Havana.
The commercial real estate company paid cash for the newly built Victorian, a six-story building at 1430 Southwest First Street. Burke Leighton has thousands of apartments in Brooklyn and Manhattan and has recently shifted its focus to South Florida.
Burke Leighton Asset Management, a private New York investment firm, just closed an off-market deal to purchase the Ipanema Apartments in Little Havana for $13.6 million.
The 63-unit apartment building is located at 120 Southwest Eighth Avenue near Riverside Park. It was sold by Veneto Group LLC, an investment company whose managing members are Alejandro and Sergio Villamizar.
An affiliate of Brooklyn-based Burke Leighton Holdings acquired the Miramar Apartments in Miami’s Little Havana for $10.7 million.
Miramar Apartments, a Coral Gables-based company managed by Luis Felipe Martinez, built the 44-unit complex with 120 bedrooms at 1023 S.W. 6th Street in 2013. It recently sold it to Miramar Partners, 1023 SW 6th Street LLC, Freshwater Group, and 28 E. 14th Street M Sub LLC...
Burke Leighton Asset Management doubled its money in two years with the sale of a 200-unit Crown Heights rental building to fast-rising Akelius Real Estate Management for $44 million, The Real Deal has learned.
Akelius, the U.S. arm of Swedish firm Akelius Residential Property, launched earlier this year, and has been on a tear in the city’s multifamily market over the past six weeks.
Burke Leighton Asset Management , a Brooklyn-based real estate firm, acquired the walk-up buildings for double the price the sellers paid for them few years ago.
A 63-unit apartment building in the Venetian Isles area of Hollywood has traded hands for $7.2 million.
Jacob El-Harar sold the building at 5230 Hollywood Boulevard to Burke Leighton Asset Management, Emile Farah, CEO of the Farah Group, told The Real Deal. Farah, as well as Jean Kelly and Zena Bardawell of the Farah Group, represented both sides of the transaction.
An 87,000-square-foot multifamily building in the heart of Prospect Lefferts Garden traded for $25.7 million, The Real Deal has learned.
Owner Lincoln Prospect Associates sold the building in an off-market deal to a local investor. Lincoln bought the 89-unit building in 2010 for $9.8 million, property records show.
GFI Realty’s Erik Yankelovich was the sole broker on the off-market transaction...
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