A developer from Brooklyn, New York made three property acquisitions in Miami’s Wynwood Arts District, potentially setting up a major development.
The deals, which totaled $38.86 million, give LivWrk Sol Wynwood LLC, managed by Asher Abehsera, the CEO of Brooklyn-based LivWrk, ownership of 2.45 acres in one of Miami’s fastest-growing neighborhoods.
The biggest deal was for $18.51 million, with EEFC 2400 NMA Owner LLC, managed by New York-based East End Capital Managing Principal Jonathan Yormak, selling 1.16 acres at 2400, 2412 and 2418 N. Miami Ave. plus 29 N.W. 24th St. The site currently has 11,305 square feet of commercial buildings. It last traded for $6.25 million in 2015.
In addition, EEFC 2500 NMA Owner LLC, also part of East End Capital, sold the 19,813 square feet of property at 2500 N. Miami Ave. and 33 N.W. 25th St. for $6.5 million. It has a 3,045-square-foot commercial building.
Finally, LivWrk Sol Wynwood paid $13.85 million to 3 CI Holdings, managed by Catherine DeFrancesco, for the 36,250-square-foot site at 48 N.W. 25th St.
Click here to read more about this story.