A New York-based investor has extended its already substantial holdings in Miami’s Wynwood neighborhood in a deal that looks like a relative bargain based on recent prices.

A company tied to East End Capital has purchased 1.16 acres on the northwest corner of Miami Avenue and Northwest 24th Street for $7 million, an attorney involved in the transaction told the Daily Business Review. The deal values the land, which has several warehouses and a duplex, at $138 per square foot.

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