DWNTWN Realty Advisors Closes $11.6 Million Sale Of Miami Multifamily Portfolio

DWNTWN Realty Advisors Executive Skyler Marinoff completed the $11.6 million sale of a multifamily portfolio in Miami’s growing Little Haiti neighborhood. Marinoff represented both the buyer and seller in the off-market transaction.

Secamar LLC sold Buena Vista Gardens, the 89-unit portfolio at 5601 NW First Ave., to Bowery Properties, led by Thomas Neary. City National Bank provided acquisition financing to the buyer.

The transaction closed on July 23.

The multifamily portfolio is one of the largest to be assembled and acquired in Little Haiti. Marinoff leveraged DWNTWN’s existing relationship with Bowery, a private investor that is active in Miami’s emerging neighborhoods, to make the deal happen.

“I am thrilled to complete this transaction, which underscores our firm’s creativity, strong relationships and role as a market leader,” Marinoff said. “Little Haiti is seeing significant multifamily investment activity in conjunction with the neighborhood’s overall expansion. Large-scale development in the pipeline for Little Haiti and surrounding neighborhoods will further fuel investor interest.”

DWNTWN has specialized brokers focused on traditional investment real estate, including multifamily. The firm actively procures off-market deals for its private clients.

A few blocks north of Buena Vista Gardens, Marinoff is marketing a prime corner lot at 5900 Biscayne Blvd. for sale. The property’s zoning allows for the construction of a commercial building. It is surrounded by two large apartment communities and the prestigious Cushman School.

DWNTWN’s Ernie Perez is separately marketing a Little Haiti multifamily building for sale at 6863 NW Second Ave.

 

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