Bulk condo sale near Miami River closes for $6.7M
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.
Key International is currently working on The Harbour in North Miami Beach and 1010 Brickell.