"We've seen a lot of activity this summer in apartment buildings with fewer than 30 units," said Hyatt. “In some cases, we’ve seen government entities form partnerships to purchase properties, and in other instances we’ve seen all-cash deals from foreign buyers.”
§ Hyatt acted as the sole broker on the $390,000 sale of the Overtown property, located at 1410 NW 1st Avenue in Miami, to buyer St. John Village 1410, LLC, from seller 1410 Holdings, LLC.
The 26-unit apartment building is located in the Overtown section of Miami. The property is being renovated by St. John Community Development Center in conjunction with The City of Miami under the U.S. Department of Housing and Urban Development (HUD) and the federally sponsored Neighborhood Stabilization Program (NSP).
§ Hyatt represented seller 421 Banks Road, LLC, in the sale of an eight-unit apartment building, located at 421 Banks Road in Margate, Fla., for $355,000 to buyer First Atlantic Ventures, LLC, represented by Racine Tan of Charles Rutenberg Realty.
§ Hyatt represented seller ECP Properties, Inc., in the $220,000 sale of a 20-unit apartment building in Liberty City, located at 7136-7146 NW 14th Place, to buyer 7136 Building, LLC.
Contact: Marielle Sologuren
Pierson Grant Public Relations
(954) 776-1999, ext. 226
msologuren@piersongrant.com
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