Miami Condo Market and Lifestyle Updates
Brazilian Airline Owner Purchases Entire Edgewater Block… Well Almost

Brazilian Airline Owner Purchases Entire Edgewater Block… Well Almost

by Sep Niakan | October 21, 2015

It's a block party for Brazilian investor Jose Afonso Assumpção. The owner and founder of Brazilian airline Lider Aviação has purchased the last two properties making up his own block of property for $4 million.

Assumpção has finished assembling his real estate venture in Miami via his local real estate company Miami Sunrise Properties. He began around two years ago, flipping large chunks of land in Brickell.

Since August 2014, he has purchased 2.8 acres of land in Edgewater between NE 33rd and 34th streets for an estimated $30 million. A solid chunk of that was spent on the commercial site that used to be Wendy’s at 3333 Biscayne Boulevard, which he bought for $12.5 million.

Most recently, Assumpçao purchased two properties located at 426 and 438 Northeast 34th Street for $4 million. Each has 5,500 square-feet of land, which comes out to about $360 per square-foot.

But it hasn't all been a walk in the park. Kathy Kassner, owner of 440 NE 34th street since 1996, has declined all offers for her property as the home was built by a friend of her parents. “I have declined their offer,” she said. “In my opinion, it’s irreplaceable. They probably will do a great job of building all the way around it.”

 

Source: therealdeal.com

Photo credit: goldenduskphotography.com

Recent posts

Lifestyle

10 December Holiday Events You Won’t Want to Miss

by Sep Niakan | December 06, 2016

It’s my favorite time of year to be in Miami! The weather has cooled off a bit. The city’s abuzz with people from every corner of the world (thanks to Art Basel). The holiday spirit is gradually taking over, and there’s a bunch of...

Lifestyle

Car-free in Miami: How to Give Up Your Car for Lyft and Uber . . . and Love it.

by Sep Niakan | November 29, 2016

This is a story of how one Miami condo dweller (that's me, Sep Niakan) gave up his car at the end of his lease and gained freedom (and $$) in its place. If you have been thinking of getting rid of your car or know someone who is, read...

Real Estate News

How Miami Condo Sales Will Benefit from New FHA Lending Rules

by Sep Niakan | November 24, 2016

Lending, specifically FHA lending, is inching forward in favor of Miami Condos. Before President Trump pulls out any game-changers, I thought it would be the right time to reflect on a Bill passed into law by President Obama this August. The...

Real Estate News

Reflecting on BrickellHouse Robotic Parking Garage Failure

by Sep Niakan | November 22, 2016

It’s been almost a year since BrickellHouse’s robotic parking garage blunder, and I’ve been thinking about what this means for the automated parking business in Miami condos. In brief, Boomerang Systems (the robotic garage...