Twenty one units at the Mint at Riverfront Miami condominium sold to an investor for $6.7 million, The Real Deal has learned.
Mint, at 92 Southwest Third Street, was completed in 2010 by Key International. Fabio Faerman, of FA Commercial/Fortune International Realty, brokered the all-cash deal, Faerman told TRD. The price breaks down to roughly $319,000 per unit.
Revuelta Vega Leon Architects designed the 55-story tower, which totals about 60o units. Faerman said the units involved in the bulk sale are “rented and impeccably maintained.”
“This successful deal represents an opportunity [for] the buyer who was able to acquire a large amount of units in this prime downtown building, strategically located in the epicenter of Miami’s flourishing cultural arts scene,” he said in a statement.
Faerman would not disclose the buyer or seller, but did say that the units range from 754 square feet to 1,544 square feet.