21 Unit Bulk Sale at Marquis Residences

January 4, 2011

Sales at Marquis Residences ended 2010 on a high note.  Optibase Real Estate Miami LLC acquired 21 luxury condos at Marquis Residences on December 30, 2010.  The entity paid a net purchase price of $8.6 million. It’s important to note that the 21 units represents approximately 7 percent of the 292 total units at Marquis Residences.  This is under the 10 percent threshold which would prohibit Fannie Mae approval in the future.

Marquis Residences is a 67-story luxury tower located at 1100 Biscayne Blvd, Miami, FL 33132.