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. (
