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Prime 32,000 SF Property In Wynwood Fetches $5.1 Million

August 27, 2013

Two adjacent buildings, located at 2200 & 2230 NW 2nd Avenue in Wynwood, traded for $5,150,000.

The Buyer, 243 Wynwood LLC, a subsidiary of New York City-based Abingdon Square Partners, plans to redevelop the property into multiple retail and office spaces.

Though there were developers in the area prior, now-deceased visionary developer Tony Goldman brought increased attention to the area as an arts district and international destination. Interest in the area has since been amplified by Midtown and by the extraordinary developments in the neighboring Design District.

Two adjacent buildings, located at 2200 & 2230 NW 2nd Avenue in Wynwood, traded for $5,150,000.

The Buyer, 243 Wynwood LLC, a subsidiary of New York City-based Abingdon Square Partners, plans to redevelop the property into multiple retail and office spaces.

Though there were developers in the area prior, now-deceased visionary developer Tony Goldman brought increased attention to the area as an arts district and international destination. Interest in the area has since been amplified by Midtown and by the extraordinary developments in the neighboring Design District.

Ari Dispenza of Mizrach Realty Associates represented the Buyer in the transaction. The Seller was represented by Shaul Banouz of Recom, LLC.

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