The Real Deal Miami

Big buy for Barclay Plaza

September 21, 2009 01:20PM

The 1950’s vintage Barclay Plaza sold for $2.35 million, about $98,000 apiece for the 24-unit building, according to a report today. Buyer 1941 Park Ave LLC, with Ishai Ben Zour as managing member, will rent out units in the short term, and may opt for renovation and conversion in an improved market, Peter Zalewski, a principal with real estate consulting group Condo Vultures, said. The building is between the Miami Beach Convention Center and the new W South Beach and Setai resorts.