30 Oct Miami Based Befeler Group Sells 14-Unit Apartment Complex in Little Havana for $1.325 Million
OCTOBER 16, 2017
MIAMI, FL – An Affiliate of The Befeler Group, a privately-held real estate investment company based in Miami, Florida, has completed its sale of Havana Stars, LC, a 14-unit apartment building located at 850 Southwest 3rd Street and 851 Southwest 4th Street in Miami, Florida. The multifamily property is located in the East Little Havana area of Miami and consists of 14 one and two-bedroom units. It was sold to 14ON$, LLC for $1.325 Million or $95,000 a door. The transaction closed on September 25, 2017. The transaction was brokered by Deme Mekras and Elliot Shaingold of MSP Group.
“This sale reflects our continued efforts to dispose of our smaller assets while focusing on acquiring larger and more substantial assets that better fit the growth oriented business model of the Company” said George Befeler, the CEO of The Befeler Group.
The Befeler Group is a privately held real estate investment firm based in Miami, Florida that focuses on acquiring and managing multifamily and office properties with strong real estate fundamentals. George Befeler, the founder and CEO of The Befeler Group, has owned and managed multiple multifamily and office properties within the State of Florida for over 40 years.