The sale, which breaks down to $202,847 per unit, is indicative of a pickup in multifamily transactions following a near-freeze following the onset of the coronavirus pandemic.
January 05, 2021 at 12:41 PM
1 minute read
South Florida real estate reporter
A newly built apartment community in an unincorporated area of southern Miami-Dade County sold for $57 million, a sign multifamily transactions are picking up after a halt in the early months of the coronavirus pandemic.
The 281-unit, garden-style Deering Groves has seven buildings and a partially covered pool across an 8.8-acre lot in the Naranja neighborhood.
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MELICK & PORTER, LLP PROMOTES CONNECTICUT PARTNERS HOLLY ROGERS, STEVEN BANKS, and ALEXANDER AHRENS
The 281-unit garden-style Deering Groves multifamily community in the unincorporated Naranja neighborhood in southern Miami-Dade County. Courtesy photo
