The Real Deal Miami

Israeli firm takes Epic condos

March 23, 2011 09:46AM

Precision Assets out of Tel Aviv purchased five units at the Epic condo
in downtown Miami for $3.25 million, or nearly $800,000 off. The buy
works out to about $422 per square foot for the high-floor apartments,
according to a report from Condo Vultures based on Miami-Dade County
records. Precision Assets is the latest Israeli firm to enter the South
Florida market with an aggressive strategy and an interest in bulk condo
deals
. According to county records, the average purchase price in Epic
is $528 per square foot in the Epic West tower. TRD