158 Miami Condos sold for $113,000 each

Posted by admin | miami condos | Tuesday 17 November 2009 10:45 am

A partnership of Armco Capital Inc. and Southwest Properties Ltd. paid $17.9 million in cash for 158 units to Goldman Sachs who had aquired the property in foreclosure. The original developer paid roughly three times that amount for Downtown Dadeland, a seven-tower residential and retail development in Kendall, Florida, about six miles south of downtown Miami.

Tags: