Avison Young Secures Highest Price PSF YTD For Land/Building In Miami’s Wynwood

Avison Young’s Florida Capital Markets Group closed the $8.25 million year-to-date record sale of the property at 2032 N.W. 2nd Ave. in Miami’s Wynwood submarket.

The sale, which consists of three folios totaling 13,000 square feet of land, with the southernmost folio hosting a 3,111-square-foot single-story building, represents the highest closing price-per-square-foot for land, at $635 per square foot, and/or building, at $2,652 per square foot, in the surrounding Wynwood area to date in 2021.

The property is directly positioned on the N.W. 2nd Avenue arterial roadway of the Wynwood district, which has emerged over the past decade as one of Miami’s most popular districts for nightlife and is now flooded with new vertical construction in every direction.

Avison Young’s Vice President Brian C. de la Fé; Principals Michael T. Fay, who is also Managing Director of the firm’s Miami operations; John K. Crotty, CCIM; David Duckworth; and Associate Berkley Bloodworth represented the seller, Rosie Studio, LLC. Sterling Equity Realty represented the buyer, Arbor Green, Inc.