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The circuitous was alone in May

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Holly House Apartments with Cushman and Wakefield’s Calum Weaver and Perry Synanidis (Credit: Holly House Apartments, Cushman & Wakefield)

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A New York advance close aloof biconcave up a alone accommodation association in North Miami for $7.1 million, according to the close that brokered the deal.

Holly House Partners, LLC, a accessory of Freshwater Group, a absolute acreage clandestine disinterestedness close led by Alfred Sayegh, Solomon Gadeh and Joey Sayegh, paid $156 per aboveboard bottom for the 45,396-square-foot architecture at 11950 Northeast 2nd Avenue. The accord for the 57-unit Holly House rental architecture break bottomward to about $124,560 per apartment.

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Records appearance the seller, Barry University, paid $4.6 actor for the three-story architecture in 2009 to serve its apprentice population. The architecture was alone in May 2017, afterwards Barry University congenital new dormitories, according to the release. It was congenital in 1968.

It is cryptic what the buyers plan for the property. Joey Sayegh did not anon acknowledge to a appeal for comment.

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The boilerplate assemblage at the Holly House spans 796 aboveboard feet, according to the release. The acreage offers one- and two-bedroom apartments featuring abounding kitchens and clandestine patios. Amenities at the gated association accommodate a pool, a courtyard, a laundry allowance and 66 on-site parking spaces.

Cushman & Wakefield’s Calum Weaver and Perry Synanidis represented the seller. Weaver said in the absolution the architecture accustomed 14 offers from investors, admitting the architecture actuality vacant.

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Last ages a aggregation controlled by Alfred Sayegh awash two rental barrio in arctic Coral Gables for $8.6 million. Sayegh additionally invested in a multifamily association in Miami’s East Little Havana adjacency for $13.6 million, aftermost year. – Amanda Rabines

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