Miami Condo Market and Lifestyle Updates
$19 Million Edgewater Properties Exchanged land

$19 Million Edgewater Properties Exchanged land

by Sep Niakan | April 17, 2014

 

An office building, a retail building, and a parking lot in Edgewater have been exchanged for $19 million.

2937 Ferarri, a Miami-based company, sold the properties on April 4th according to Miami-Dade County records. The buildings are located at 2919 and 2935 Biscayne Boulevard, and the parking lot is located at 330 Northeast 30th Street.

The buyer of the properties is Biscayne Acquisitions. They acquired almost $10.5 million in mortgages as part of the deal. The purchase of these properties gives Biscayne Acquisitions ownership of the 2900 block of Biscayne Boulevard.

As the market continues progressing in the Miami area, Edgewater continues to grow as a prominent real estate investment. In the past two months, Oleg Baybakov, Russian oligarch and developer, spent more than $30 million to buy three different Edgewater properties. In addition, at least 10 new condo developments have been proposed, or are being built in the Edgewater Area.

2937 Ferarri is managed by Nancy Karp, wife of well-known architect Kobi Karp. Biscayne Acquisitions is managed by Simon Karam, and is based out of Pinecrest.

 

Source: therealdeal.com

Photo credit: 2919 Biscayne Boulevard entrance therealdeal.comMap - google.com

Recent posts

Real Estate News

Miami’s New and Pre-Construction Condo Update: August 2017

by Sep Niakan | September 17, 2017

August comes up with quite some movement for the preconstruction condo market in Miami. We have Aston Martin Residences gearing up for a fall groundbreaking, Canvas and The Harbour successfully topped off, 1010 Brickell got its ok to open and...

Opinions and Advice

Back to school

by Sep Niakan | August 29, 2017

Septembers can be a sobering time for most as we say goodbye to summertime frolic. Kids are either back to school or are gearing up for it. Parents are busy running around, trying to get everything and every kid organized. It’s back to the...

Opinions and Advice

4 Property Tax Savings and Benefits when Buying Property in Florida

by Sep Niakan | August 29, 2017

For most people, paying taxes equals one big headache. In Florida, knowing your tax laws is worth the pain. Being a Florida resident, you can gain from many tax-saving programs. You can also find affordable real estate in big cities like Miami....

Lifestyle

September Events to Spice Things Up In Miami!

by Sep Niakan | August 27, 2017

Summer may be on its way out, but that doesn’t mean things have to fizzle down. There’s a whole bunch of stuff to do this month, especially around Labor Day weekend. Scroll through our top picks and plan a fun September in...