The Real Deal Miami

Miami rental complex sells for $1.75M

December 07, 2010 07:36PM

A rental complex on NE 6th Avenue in Miami has been sold to Miami
Gardens-based Galaxy Apt LLC for $1.75 million, or $36,500 per unit,
according to a report from Condo Vultures. The three-building, 48-unit
property was built in 1972 and has an assessed value of $2.7 million.
The sale worked out to an average of just $42 per square foot for the
property, or around $36,500 per unit. TRD