Monday, October 7, 2013

MIDBLOCK at Midtown

Originally built prior to the recession, MIDBLOCK at Midtown is a combination of lots, townhouses and tower units.  It was developed by the Midtown Equities and designed by renowned architect, John Nichols, and became a rental community as opposed to individually owned units in a condominium property.
In the last few weeks, MIDBLOCK’s sales were launched to a very warm reception by prospective buyers.  With the huge demand on Miami real estate in the Midtown, Brickell and surrounding neighborhoods, MIDBLOCK is destined to be a well-sought after address for many Miami residents.

Location of MIDBLOCK at Midtown
Located at 3250 NE 1st Street, in the center of Miami’s Midtown neighborhood, MIDBLOCK is close to everything in one of the most popular cities in the world.  Located minutes from the arts, culture and entertainment in the surrounding neighborhoods like Wynwood and the Design District, MIDBLOCK is steps away the best retail locations and favorite restaurants around town.  Midtown is Miami’s equivalent to SoHo in NYC and is only five minutes from Miami Beach and in close proximity to I-95 making the Port of Miami and major international airports easily accessed. 

Amenities at MIDBLOCK at Midtown
This boutique condominium features some of the best amenities in this part of Miami.  Designed by renowned architect, John Nichols, this spectacular condominium offers residents excellent amenities like 24-hour concierge and security, a rooftop gathering area along with a large swimming pool, a state of the art fitness center with private training, covered gated parking, key card access controlled elevators, and ground level retail and restaurants.

In each unit, owners enjoy a private terrace, floor to ceiling impact resistant windows, a large kitchen with stainless steel appliances, custom cabinetry and stone counter tops, master suites with large master baths and spacious walk-in closets and more.  The floor plans call for spacious living areas with 10-foot exposed concrete ceilings for a very modern lofty atmosphere.  The lofts are laid out for a live-work lifestyle while the tower units and townhouse offer two bedrooms.  All units are pre-wired for electric, cable, high-speed Internet and come with a full-sized washer and dryer.

Real Estate at MIDBLOCK at Midtown
The mix of residences at MIDBLOCK include apartment units, townhouses and loft units that range in size from about 890 square feet to over 2,800 square feet.  Since the units at MIDBLOCK at Midtown have been rental units, many of them are under lease agreements that end between the remainder of this year into 2014.  MIDBLOCK is an excellent investment opportunity because of the strong rental histories and the fact that many currently have renters in them.  

List prices vary with one-bedroom tower units ranging between the low to mid-$300s to high-$300s while lofts range from the mid-$300s to low-$600s.  For two bedrooms residences, tower units fall between the mid-$400s and upper-$700s with townhouses starting in the upper-$400s and climbing to over $600K. 

Continued Growth in Midtown Real Estate
MIDBLOCK is another example of the continued growth in Midtown real estate.   This condominium property is an architectural showpiece with beautiful views and easy access to everything.  For full-time residents who work in the area or who have the ability work at home, this is a great spot to settle.  For investors, buying rental property with strong rental histories and leases in place puts the investment at an advantage.  MIDBLOCK definitely offers some of the best options in Midtown condominiums.

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