La Paloma sells for $1.2 million

The La Paloma Apartments, a three-story, concrete block building constructed in 1964 and located at 1949 NE 172nd Street in North Miami Beach, was sold for $1.215 million according to brokerage Marcus & Millichap. In a transaction between two real estate investment groups, the building, which has 24 apartments, fetched $50,625 per unit. TRD