217 NW 22nd Street
The $3 million sale of a Wynwood property nearly two years ago has been tangled in a legal imbroglio ever since. Now, a judge has ruled in favor of the buyer.
At the closing in 2012, seller M&S Investment had a change of heart as the neighborhood became a development hotspot. Moreover, M&S discovered late in the deal that the property – a 27,000-square-foot warehouse and commercial parcel at 2001 Northwest 21st Street and 210 Northwest 22nd Street — would be subject to a $250,000 early-termination penalty on its Bank of America mortgage, according to the Daily Business Review. [more]