What Happening in Miami-Dade Multi-Family Market? Sales Rise In Second Quarter

 

As reported in Vizzda’s Quarterly Report For South Florida Commercial Real Estate, the total dollar amount of multi-family sales in Miami-Dade County rose to $232,943,000 in the second quarter of 2018, up from $196,115,503 in the first quarter.  This is approximately half of the $462,372,302 worth of sales in the second quarter of 2017.

The largest transaction was for Sundance Village Apartments, a 304 unit complex at 11325 NW 7 St., which closed for $65,600,000 or approximately $215,789 per unit.

What will third quarter activity look like?  Stay tuned for our next report or subscribe to our blog, so you don’t miss it.  Mill Creek Residential just closed on a 127 unit apartment complex in Dania Beach for $37.2 million.  Will it make the top 5 list of largest transactions in 3Q2018?

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Jennifer Wollmann

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