Marcus & Millichap Facilitates $9.93M Sale of 28-Unit Apartment Building Silver Bluff Underline in Coconut Grove

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Silver Bluff Underline
Located at 2285 SW 27th Street, the luxury apartment building is situated in Coconut Grove, one of Miami’s most sough-after neighborhoods.

Marcus & Millichap, a leading commercial real estate brokerage firm specializing in investment sales, financing, research and advisory services, announced the sale of Silver Bluff Underline, a 28-unit apartment building in Miami, Florida for $9,925,000.

“This brand-new asset in one of Miami’s strongest neighborhoods will provide the new investor solid returns with strong appreciation potential,” says Alex Zylberglait, senior managing director investments. “With a great unit mix and easy access to work and entertainment locations, this property is very well positioned to attract tenants.”

Alex Zylberglait and Michael Crocchiola, investment specialists in Marcus & Millichap’s Miami office, had the exclusive listing to market the property on behalf of the seller, a private individual.

The newly-built Silver Bluff Underline spans more than 25,000 square feet and features a unit mix of one-bed/one-bath units ranging from 450 to 680 square feet and two-bed/two-bath units approximately 1,017 square feet. The units have modern finishes, private balconies, and ample parking. The property is centrally located with a plethora of shopping, dining, and transportation options in the immediate area.

Located just southwest of Brickell, Northeast Coconut Grove is a vibrant community brimming with desirable amenities. Northeast Coconut Grove is home to Vizcaya Museum and Gardens, a stunning estate with sculptures, grottos, gardens, and an ornate 1914 mansion turned museum.

Marcus & Millichap, Inc. (NYSE: MMI) is a leading national brokerage firm specializing in commercial real estate investment sales, financing, research and advisory services. As of December 31, 2023, the Company had 1,783 investment sales and financing professionals in over 80 offices who provide investment brokerage and financing services to sellers and buyers of commercial real estate. The Company also offers market research, consulting and advisory services to our clients. Marcus & Millichap closed 7,546 transactions in 2023, with a sales volume of approximately $43.6 billion.