CBRE SELLS 31-UNITS ON MIAMI BEACH FOR $3.3 MILLION

Ft Lauderdale, FL – February 6, 2013 – (RealEstateRama) — The CBRE Multi-Housing Private Capital Group is pleased to announce the sale of 31 apartment units located at 7609-7617 Carlyle Avenue (16-units); 7635 Dickens Avenue (8-units); and 531 76 Street (7-units) in Miami Beach, Florida. The 31-units sold for $3,308,000 or $106,710 per unit or $161 per square foot. CBRE represented the seller, Carlyle Dickens LLC, a local private capital group. The buyer was a private capital group, GWPV One, LLC.