Condo building on Lincoln Road aiming for bulk sale

Miami /
Nov.November 18, 2015 04:50 PM

Lincoln West Gardens, a low-rise condo building on Miami Beach’s Lincoln Road, has hit the market for an undisclosed price. 

Avison Young was tapped to list the 40-unit, bulk condo at 1250 Lincoln Road. Michael Fay, principal and managing director, and John Crotty, principal, are representing the owner LWG Condominium Association Inc. It was built in 1985, according to Miami-Dade County property records.

The listing comes on the heels of the firm’s bulk condo sale of Surf House in Surfside, for $55 million, according to a release.

Prices have skyrocketed in the Lincoln Road district, most recently with the blockbuster sale of an entire block, from 1001 Lincoln Road through 1035 Lincoln Road, for $370 million. Retail rents on Lincoln Road ranked as the 10th most expensive  in the United States, according to a Cushman & Wakefield research report released Wednesday.

The condo building is in a residential area one block west of the retail district, which starts at 1111 Lincoln Road, the Herzon & de Meuron-designed parking, retail and commercial garage. – Katherine Kallergis

An earlier version of this story incorrectly stated that the property was listed for $55 million. It has no listing price. 


Related Articles

arrow_forward_ios
Waterfront Edgewater bulk condo sale advances
Waterfront Edgewater bulk condo sale advances
Waterfront Edgewater bulk condo sale advances
830 Brickell and the co-developers Cain's Jonathan Goldstein and Vlad Doronin (Getty, OKO Group / Cain International)
Lease roundup: Canada’s CI Financial picks Brickell for new US HQ
Lease roundup: Canada’s CI Financial picks Brickell for new US HQ
Office building by Lincoln Road in Miami Beach trades for nearly $50M
Office building by Lincoln Road in Miami Beach trades for nearly $50M
Office building by Lincoln Road in Miami Beach trades for nearly $50M
Witkoff CEO Steven Witkoff with the restaurant property (Witkoff, Crexi)
Witkoff buys South Beach restaurant building off Lincoln Road for $15M
Witkoff buys South Beach restaurant building off Lincoln Road for $15M
Related's Jorge and Jon Paul Perez Carlton, Two Roads' Reid Boren and Taylor Collins with Carlton Terrace at 10245 Collins Avenue (Related, Two Roads, Google Maps)
Related and Two Roads to pay about $130M for the oceanfront Carlton Terrace condo building in Bal Harbour
Related and Two Roads to pay about $130M for the oceanfront Carlton Terrace condo building in Bal Harbour
800 Lincoln Road building and Restaurateur Gregory Galy (Tricap, LinkedIn)
Mila restaurant to add entertainment venue on Lincoln Road
Mila restaurant to add entertainment venue on Lincoln Road
Landlords keep raising office space rents despite a grim outlook for vacancy rates (Getty)
Miami office vacancy rates reach Great Recession levels
Miami office vacancy rates reach Great Recession levels
La Costa condo building and Mast Capital Princial Camilo Miguel Jr (Mast, Douglas Elliman)
Oceanfront Miami Beach condo ordered evacuated following bulk buyout deal
Oceanfront Miami Beach condo ordered evacuated following bulk buyout deal
arrow_forward_ios

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

Loading...