Burke Leighton picks up Miami apartments for $13.6m

25 January 2016

Brooklyn-based Burke Leighton Asset Management has acquired an apartment complex in Miami’s Little Havana for $13.6 million. Built in 2010 at 120 S.W. 8th Ave., the 11-story building totals 118,256 square feet. The 63 unit property deal breaks down to $215,873 per unit. The seller, the Veneto Group, managed by Alejandro Villamizar, seized the asset in foreclosure after it acquired the distressed mortgage. The deal was completed with a $6.1 million loan to the buyer from TD Bank.

Example banner for displaying an ad. It can be higher.