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Northeast Capital pays $15M for Miami office building
The seller bought the building for $11M in 2017 Miami /
5040 Northwest Seventh Street (Google Maps, iStock)
An affiliate of a private equity investment firm paid $14.5 million for a nine-story office building south of Miami International Airport.
The Northeast Capital Group affiliate bought the building at 5040 Northwest Seventh Street in Miami, according to records.
The seller is a company managed by Menachem Gurevitch of Netz Group and Mandy Management, real estate companies with offices in Israel and Connecticut. Last year, a separate Gurevitch-led affiliate paid $18.2 million for an office tower next to the courthouse in Fort Lauderdale.