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

Real Estate News

Luxury Miami Condo Report : March 2017

by Sep Niakan | April 20, 2017

Miami Luxury Condo Report Overall Market Summary City and Neighborhood Luxury Condo Reports              Miami Beach Luxury Condo Report                  ...

Lifestyle

Miami May Events Round-up

by Sep Niakan | April 18, 2017

The temperatures are picking up and it’s time to lather on the sun tan and cool off with some awesome events around town. Here’s our pick of the hippest festivals in Miami to make for a magnificent May: SunFest Music and Arts Festival...

Lifestyle

A Guide to Miami's Best Beaches

by Sep Niakan | April 17, 2017

Think Miami Beach and most people conjure up images of Spring Break, bikini-clad college students and a wild party worthy of '90s-era MTV. However, truth is that Miami’s beaches have a lot more to offer than those hyped up versions of...

Real Estate News

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

by Sep Niakan | April 14, 2017

March has been a pretty busy month for Miami’s condo pre-construction market. From two sales gallery launches to four buildings topping-off, there’s been plenty of activity to keep the market abuzz. The biggest news, however, came in the...