The 14-story Chase Bank Building at 150 SE Second Ave. last sold for $16.4 million in June 2012 at a slight discount from the mortgage granted by defunct Capmark Bank.
March 03, 2014 at 06:00 PM
1 minute read
A downtown Miami office building has traded hands for $23.5 million, delivering a tidy profit to the speculator who snapped up the property during a 2012 foreclosure sale.
The 14-story Chase Bank Building at 150 SE Second Ave. last sold for $16.4 million in June 2012 at a slight discount from the mortgage granted by defunct Capmark Bank. The 2012 buyer, Biscayne Brickell LLLP, forgave the previous owner’s debt in exchange for the deed.
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