New York-based Burke Leighton Asset Management has purchased a newly completed apartment building in the Little Havana neighborhood of Miami for $10.8 million. The 60-unit building, located on S.W. 1st Street, offers 35,580 square feet on a 19,875 square foot site. Trading for $180,000 per unit, the property was sold just after receiving its occupancy permit. The six story building features one bedroom and one bathroom apartments that average 600 square feet with a shared washer and dryer room on each level. The purchase marks the third apartment complex that Burke Leighton has picked up in Little Havana since 2015.
