Apartment building in red-hot neighborhood sells for $61 million

In a record-setting deal, the 196-unit Club Prado in West Miami sold for $61 million — the highest price paid per unit in the submarket. This transaction reflects strong investor appetite for well-located, mid-rise multifamily assets in Miami‑Dade’s value-add corridor, underpinned by dense population growth, limited new supply, and favorable capital markets.

Miami Herald (Apartment Building in red-hot neighborhood sells for $61 million) —>