The Real Deal Miami

Multi-family project sells in Sunset Harbour

June 11, 2012 12:00PM

1828 Bay Drive in Miami Beach

A 20-unit multi-family property in Miami Beach’s emerging Sunset Harbour neighborhood has been sold for $2.2 million, according to Metro 1 Commercial. The building is located at 1828 Bay Drive in Miami Beach. Metro 1’s Mika Mattingly represented seller MLBT in the deal, while Florida Select Realty’s Oscar Gastaudo represented the buyer. The property will reportedly undergo a full renovation in the area, which recently saw the opening of a new Fresh Market. “Lower lease rates and the desirable waterfront location continues to appeal to retailers,” Mattingly said. — Alexander Britell