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Miami-based Befeler Corporation sells 18-unit Miami Beach apartment complex for $4.3 million

Befeler Group, a privately held real estate investment company based in Coconut Grove, Florida, has closed the sale of Mansion Apartments for $4.3 million.

We are delighted to have completed this cycle of owning this quality property well and selling it at the right time to the right buyer.”

– George Befeler, CEO of the Befeler Group.

MIAMI, FLORIDA, USA, December 13, 2021 /EINPresswire.com/ – Befeler Group, privately held real estate invest company based in Coconut Grove, Florida, has closed the sale of Mansion Apartments for $4.3 million. This 18-family multifamily apartment building located in Miami Beach, Florida was acquired in 2005 for $1.6 million.
The property is operated by the property management division of the Befeler Group. The transaction was brokered by Deme Mekras of the MSP Group of Miami, Florida. The buyer was the Miami Beach Community Kollel, a nonprofit corporation.
“We are delighted to have completed this cycle of owning this quality property and selling it at the right time to the right buyer,” said George Befeler, CEO of the Befeler Group. Mark Rosencwaig, Vice President of Befeler Group, added: “This transaction aligns with our practice of purchasing high-quality assets, adding value and either disposing of them at the right time, or holding them for future use. long-term growth”.
Mansion Apartments are located in an affluent residential area at 1001 West 46th Street, Miami Beach, Florida, steps from Mount Sinai Hospital, the newly developed Ritz Carlton Residences between the beach and the business center of 41st Street. , Miami Beach, Florida.
Headquartered in Coconut Grove, Florida, the Befeler Corporation continues to actively pursue additional opportunities throughout the State of Florida. The company continues to target multi-family hotel, office and apartment deals with strategic value added under the organization’s sights, with the intention of generating profits in the market.
Befeler Corporation has been operating in the South Florida market for the past 12 months. Two months ago, it acquired the 93-room Holiday Inn Express & Suites in Port St. Lucie for $8.9 million and is doing a $3 million PIP renovation. Three months ago, it acquired a 26-unit multifamily property in Hialeah, Florida for $4 million. Five months ago, it sold a 152-unit multifamily property in Gainesville for $13.1 million.
George Befeler is the founder and CEO of the Befeler Group, a private real estate investment firm based in Coconut Grove, Florida, focused on the acquisition, ownership, and management of hotels, Multi-family, office and hotel. nature with strong real estate fundamentals. The Befeler Corporation has owned and managed many commercial properties in the State of Florida for more than 40 years.

Hilda Juan
SabinaCovo Communications
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https://www.tampafp.com/miami-based-befeler-group-sells-18-unit-apartment-complex-in-miami-beach-for-4-3-million/ Miami-based Befeler Corporation sells 18-unit Miami Beach apartment complex for $4.3 million

DUSTIN JONES

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