Marcus & Millichap Exclusively Lists Boutique Residential Building in Coconut Grove for $10.4 Million

MIAMI, Sept. 9, 2024 - Marcus & Millichap (NYSE: MMI), a leading commercial real estate brokerage firm specializing in investment sales, financing, research and advisory services, announced the exclusive listing of GroveHaus, a newly constructed boutique residential building in Coconut Grove, Florida. The offering price is $10.4 million.

"This turnkey boutique property presents an exclusive opportunity to acquire a Class A asset in one of Miami's most prestigious neighborhoods, offering several opportunities for appreciation," says Alex Zylberglait, executive managing director investments. "The building features spacious units with high ceilings, private gated parking, and proximity to numerous work and entertainment destinations."

Zylberglait and Michael Crocchiola, investment specialists in Marcus & Millichap's Miami office, have the exclusive listing and are presenting the opportunity on behalf of the seller.

GroveHaus, located at 3265 Bird Ave., comprises 11 units with two- and three-bedroom apartments. With premier shopping and dining at CocoWalk just minutes away, the area is one of Miami's most sought-after locations for multifamily investments.

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About Marcus & Millichap, Inc. (NYSE: MMI)

Marcus & Millichap, Inc. is a leading brokerage firm specializing in commercial real estate investment sales, financing, research and advisory services with offices throughout the United States and Canada. As of December 31, 2023, the company had 1,783 investment sales and financing professionals in over 80 offices who provide investment brokerage and financing services to sellers and buyers of commercial real estate. The company also offers market research, consulting and advisory services to clients. Marcus & Millichap closed 7,546 transactions in 2023, with a sales volume of approximately $43.6 billion. For additional information, please visit www.MarcusMillichap.com.