Starlite Motel near Brickell City Centre sells for $25M

60-room motel last sold in 1993 for $700K

TRD MIAMI /
Dec.December 16, 2014 09:45 AM

The Starlite Motel in the Brickell area was sold for $24.8 million on Dec. 10.

Rafer Enterprises Inc. sold the motel, located at 128 Southwest Seventh Street, to Optimum USA Brickell 2 LLC, according to public records. The property, which has 60 rooms and two floors, was last sold in 1993 for $700,000. 

The buyer of the motel, Optimum USA Brickell 2, has 846 Lincoln Road on Miami Beach as its registered address. Managers Ricardo Tabet and Rodolfo Misitano are the registered agents for Starlite Brickell Management LLC. Charles Rutenberg Realty’s Jacob Serure and Fabrizio Taccone of Keller Williams Realty brokered the sale.

The buyer was represented by Louis Erice and Hernan Aguado of Keller Williams Premiere. The future site of Brickell City Centre, a mixed-use urban development, is nearby in an area where preconstruction condos range from the $500,000s to $2.7 million.

This post has been changed to reflect a correct selling price of $24.8 million. It previously listed the selling price of $20.4 million based on incorrect information.


Related Articles

arrow_forward_ios
Civic Construction CEO Williams Real, Vlad Doronin and an aerial view of the Brickell project's foundation (Getty, Linkedin, Golden Dusk Photography)

Construction accident at OKO Group’s Brickell tower site in Miami lands six workers in the hospital

Construction accident at OKO Group’s Brickell tower site in Miami lands six workers in the hospital
(iStock)

Bargain shopping: Here’s where resi prices fell the most in Miami in Q2

Bargain shopping: Here’s where resi prices fell the most in Miami in Q2
Jay Parker and Mike Sales, with 801 Brickell Avenue (Credit: Google Maps)

TIAA sues Douglas Elliman over allegedly unpaid rent at Brickell high-rise

TIAA sues Douglas Elliman over allegedly unpaid rent at Brickell high-rise
320 85th Street in Miami Beach (Credit: Google Maps)

Lawsuit alleges Brickell brokerage violated Fair Housing Act

Lawsuit alleges Brickell brokerage violated Fair Housing Act
Alta Developers CEO Raimundo Onetto and Le Parc at Brickell rendering

Le Parc at Brickell condo association sues Alta Developers and partner for alleged construction defects

Le Parc at Brickell condo association sues Alta Developers and partner for alleged construction defects
(Credit: iStock)

Luxury condo prices drop in downtown Miami amid lockdown

Luxury condo prices drop in downtown Miami amid lockdown
Icon Brickell at 465 Brickell Avenue

Icon Brickell condo association settles class action suit alleging it charged illegal fees

Icon Brickell condo association settles class action suit alleging it charged illegal fees
Brickell City Centre’s CMX theater (Credit: Brickell)

Owner of CMX Cinemas files for bankruptcy, hopes to get help from landlords

Owner of CMX Cinemas files for bankruptcy, hopes to get help from landlords
arrow_forward_ios

The Deal's newsletters give you the latest scoops, fresh headlines, marketing data, and things to know within the industry.

Loading...