Easton & Associates Brokers Sale of Multifamily Property on North Miami Beach for $3.47 Million
DORAL, Fla. – June 25, 2015 – (RealEstateRama) — Easton & Associates arranged the sale of a 22-unit apartment building in the North Beach section of Miami Beach.
David Olalde of Easton represented the buyer, 7640 Carlyle Associates, LLC, who paid
$3,470,000 for the property.The buyer is a private investor from New York City that owns about 250 residential units in the metropolitan area.
“My client already owns industrial assets in South Florida, so they asked if we could help them find apartments here since they’ve been priced out of New York City. We were able to locate a great property with a lot of upside in an area that is growing in popularity and where rents continue to rise.”
Olalde said the buyer plans on spending about a half million dollars to upgrade common areas and individual units.
The apartment building is located at 7640 Carlyle Avenue.
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About The Easton Group:
Edward W. Easton is founder and chairman of The Easton Group, a family-owned, boutique commercial real estate firm with over 30 years of experience and an exceptional track record. The group is broken down into four business units consisting of commercial real estate investment, development, brokerage, and property management. The Easton Group is headquartered at International Corporate Park in Doral, Florida. For more information log on to www.theeastongroup.com.
