July 9, 2025 – Alec Bashein of Horvath & Tremblay has arranged the sale of The Delano Apartments, a sixteen (16) unit multi-family building in Miami Beach, Florida. Horvath & Tremblay exclusively represented the seller and procured the buyer to complete the transaction at a sale price of $3,350,000.
The Delano Apartments are located at 1540 Pennsylvania Avenue in Miami Beach, Florida. The Delano Apartments contain sixteen (16) residential units comprised of eight (8), 1-Bedroom/1-Bathroom units and eight (8) Studio units with 8,527 square feet living area on a 0.17-acre parcel of land. The Delano Apartments are situated in an excellent location on a quiet residential street in the world-famous South Beach neighborhood of Miami Beach. The Property is conveniently located near an appealing array of retailers, restaurants, bars, and service amenities, public transportation options, major roads and is in close proximity to major attractions and points of interest in the area including Downtown Miami, the Miami International Airport, Championship Golf Courses, and the World-Famous Miami Beaches. The Property is well-located along Pennsylvania Avenue, which is a short walk from Washington Avenue, Lincoln Road Mall, Collins Avenue and Ocean Drive. The densely populated neighborhood consists primarily of multi-family buildings and condominiums of similar age and construction as the Property. The location offers ease of access to major retailers, employment hubs, shopping, public transportation (several bus routes), and major roads including Interstate I-195, A1A, SR 907, and SR 934.
Horvath and Tremblay is one of the most active and successful Investment Real Estate Brokerage firms in New England. Their advisors specialize in the sale of apartment buildings, mixed-use properties and development projects. They have experience successfully structuring portfolio sales and 1031 exchanges. They have a dedicated buy side desk that provides real time inventory and market data to each individual client placing capital or fulfilling a 1031 exchange requirement. The firm is dedicated to being the best source of information and expertise in the marketplace for private investors, developers, institutions, and industry professionals.