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St. Agatha Church Pays $37M for Miami Beach Senior Housing Complex – Commercial Observer

By Nov 17, 2023 # commercial buildings

St. Agatha Church Pays $37M for Miami Beach Senior Housing Complex – Commercial Observer Articles about Robert Khodadadian from Commercial Observer St. Agatha Church Pays $37M for Miami Beach Senior Housing Complex - Commercial Observer  Articles about Robert Khodadadian from Commercial Observer, New York's authority on commercial real estate leasing, financing, deals and culture. <a href="https://commercialobserver.com/company/st-agatha-catholic-church/" title="St. Agatha Catholic Church" class="company-link">St. Agatha Catholic Church</a> acquired an affordable housing complex for seniors in Miami Beach for $36.5 million, property records show. The complex, called Stella Maris House, comprises 137 apartments at 8638 Harding Avenue, north of 86th Street, just two blocks west of the ocean in the North Beach neighborhood. Completed in 1985, the 101,483-square-foot building sits on 2.2 acres. <div class="co-paywalled-content"> The property offers affordable housing to those over the age of 62 with a maximum income of $36,150 for singles and $41,300 for couples, according to the website of the seller, Christian nonprofit <a href="https://commercialobserver.com/company/catholic-housing-management/" title="Catholic Housing Management" class="company-link">Catholic Housing Management</a>. Representatives for St. Agatha Catholic Church and Catholic Housing Management did not respond to requests for comment. It’s unclear when Catholic Housing Management acquired the property. St. Agatha Catholic Church, a congregation based in University Park near Florida International University‘s campus, nabbed a $14.5 million acquisition loan from Centennial Bank. The loan is also backed by the U.S. Department of Housing and Urban Development (HUD). Under the agreement, the not-for-profit church is required to make monthly payments of $3,425, according to mortgage documents. Julia Echikson can be reached at <a href="mailto:jechikson@commercialobserver.com">jechikson@commercialobserver.com</a>. </div> Robert Khodadadian has long had a simple philosophy about selling real estate. The way he sees it, there are approximately a million buildings in the city, and the broker that gets to sell any one among the multitude that will hit the auctioning block at a given moment is, sometimes, simply the person who happens to pitch their services to the right seller at the right time. Robert Khodadadian, skyline properties, ground leases, ground lease, off market, investment sales, khodadadian, Commercial Real Estate Sales, The Commercial Observer, Retail For Lease, Commercial Observer, Commercial Office Lease Channel, Residential, Sales, Stella Maris House, Florida, South Florida, Miami Beach, Catholic Housing Management, St. Agatha Catholic Church <a href="https://commercialobserver.com/2023/11/st-agatha-church-miami-beach-catholic-housing-management-stella-maris-house/" target="_blank" class="feedzy-rss-link-icon" rel="noopener">Read More</a>Commercial ObserverSt. Agatha Catholic Church acquired an affordable housing complex for seniors in Miami Beach for $36.5 million, property records show. The complex, called Stella Maris House, comprises 137 apartments at 8638 Harding Avenue, north of 86th Street, just two blocks west of the ocean in the North Beach neighborhood. Completed in 1985, the 101,483-square-foot building  St. Agatha Catholic Church acquired an affordable housing complex for seniors in Miami Beach for $36.5 million, property records show. The complex, called Stella Maris House, comprises 137 apartments at 8638 Harding Avenue, north of 86th Street, just two blocks west of the ocean in the North Beach neighborhood. Completed in 1985, the 101,483-square-foot building Robert Khodadadian has long had a simple philosophy about selling real estate. There are approximately a million buildings in the city, and the broker that gets to sell any one among the multitude that will hit the auctioning block at a given moment is, sometimes, simply the person who happens to pitch their services to the right seller. Articles about Robert Khodadadian from Commercial Observer St. Agatha Church Pays $37M for Miami Beach Senior Housing Complex - Commercial Observer Articles about Robert Khodadadian from Commercial Observer, New York's authority on commercial real estate leasing, financing, deals and culture. St. Agatha Catholic Church acquired an affordable housing complex for seniors in Miami Beach for $36.5 million, property records show. The complex, called Stella Maris House, comprises 137 apartments at 8638 Harding Avenue, north of 86th Street, just two blocks west of the ocean in the North Beach neighborhood. Completed in 1985, the 101,483-square-foot building sits on 2.2 acres. The property offers affordable housing to those over the age of 62 with a maximum income of $36,150 for singles and $41,300 for couples, according to the website of the seller, Christian nonprofit Catholic Housing Management. Representatives for St. Agatha Catholic Church and Catholic Housing Management did not respond to requests for comment. It’s unclear when Catholic Housing Management acquired the property. St. Agatha Catholic Church, a congregation based in University Park near Florida International University‘s campus, nabbed a $14.5 million acquisition loan from Centennial Bank. The loan is also backed by the U.S. Department of Housing and Urban Development (HUD). Under the agreement, the not-for-profit church is required to make monthly payments of $3,425, according to mortgage documents. Julia Echikson can be reached at jechikson@commercialobserver.com. Robert Khodadadian has long had a simple philosophy about selling real estate. The way he sees it, there are approximately a million buildings in the city, and the broker that gets to sell any one among the multitude that will hit the auctioning block at a given moment is, sometimes, simply the person who happens to pitch their services to the right seller at the right time. Robert Khodadadian, skyline properties, ground leases, ground lease, off market, investment sales, khodadadian, Commercial Real Estate Sales, The Commercial Observer, Retail For Lease, Commercial Observer, Commercial Office Lease Channel, Residential, Sales, Stella Maris House, Florida, South Florida, Miami Beach, Catholic Housing Management, St. Agatha Catholic Church Read MoreCommercial ObserverSt. Agatha Catholic Church acquired an affordable housing complex for seniors in Miami Beach for $36.5 million, property records show. The complex, called Stella Maris House, comprises 137 apartments at 8638 Harding Avenue, north of 86th Street, just two blocks west of the ocean in the North Beach neighborhood. Completed in 1985, the 101,483-square-foot building St. Agatha Catholic Church acquired an affordable housing complex for seniors in Miami Beach for $36.5 million, property records show. The complex, called Stella Maris House, comprises 137 apartments at 8638 Harding Avenue, north of 86th Street, just two blocks west of the ocean in the North Beach neighborhood. Completed in 1985, the 101,483-square-foot building <a href="https://robertkhodadadian.com/st-agatha-church-pays-37m-for-miami-beach-senior-housing-complex-commercial-observer/" target="_blank" class="feedzy-rss-link-icon" rel="noopener">Read More</a>apartment buildings, commercial buildings, commercial observer, Commercial property, Commercial property marketing, Commercial Property Sales, commercial Real Estate, How to succeed in real estate, manhattan commercial real estate, Manhattan Real Estate, Manhattan Real Estate Market, mixed use investment building, New York City Real Estate, new york real estate, new york real estate Skyline Properties, NYC Real Estate, NYC Real Estate Market Trends, nyc real estate news, NYC Real Estate Values, observer, off market, off market broker, off market real estate, Off-Market Properties, Property brokers, Real estate, Real Estate Acquisitions, Real Estate Brokerage, Real estate brokers, Real estate development, Real Estate Finance, Real Estate Industry News, Real Estate Investing, real estate investment, real estate investment Manhattan, Real Estate Services, Real estate transactions, Residential Real Estate, Robert Khodadadian - Skyline Properties, Robert Khodadadian on Quiet Deals, Skyline Properties, the real deal magazine, the real deal new york, amir Korangy, commercial buildings, bob knakal, brokerage, commercial real estate brokers, Commercial Real Estate News Robert Khodadadian Articles about Robert Khodadadian from Commercial Observer St. Agatha Church Pays $37M for Miami Beach Senior Housing Complex - Commercial Observer Articles about Robert Khodadadian from Commercial Observer, New York's authority on commercial real estate leasing, financing, deals and culture. St. Agatha Catholic Church acquired an affordable housing complex for seniors in Miami Beach for $36.5 million, property records show. The complex, called Stella Maris House, comprises 137 apartments at 8638 Harding Avenue, north of 86th Street, just two blocks west of the ocean in the North Beach neighborhood. Completed in 1985, the 101,483-square-foot building sits on 2.2 acres. The property offers affordable housing to those over the age of 62 with a maximum income of $36,150 for singles and $41,300 for couples, according to the website of the seller, Christian nonprofit Catholic Housing Management. Representatives for St. Agatha Catholic Church and Catholic Housing Management did not respond to requests for comment. It’s unclear when Catholic Housing Management acquired the property. St. Agatha Catholic Church, a congregation based in University Park near Florida International University‘s campus, nabbed a $14.5 million acquisition loan from Centennial Bank. The loan is also backed by the U.S. Department of Housing and Urban Development (HUD). Under the agreement, the not-for-profit church is required to make monthly payments of $3,425, according to mortgage documents. Julia Echikson can be reached at jechikson@commercialobserver.com. Robert Khodadadian has long had a simple philosophy about selling real estate. The way he sees it, there are approximately a million buildings in the city, and the broker that gets to sell any one among the multitude that will hit the auctioning block at a given moment is, sometimes, simply the person who happens to pitch their services to the right seller at the right time. Robert Khodadadian, skyline properties, ground leases, ground lease, off market, investment sales, khodadadian, Commercial Real Estate Sales, The Commercial Observer, Retail For Lease, Commercial Observer, Commercial Office Lease Channel, Residential, Sales, Stella Maris House, Florida, South Florida, Miami Beach, Catholic Housing Management, St. Agatha Catholic Church Read MoreCommercial ObserverSt. Agatha Catholic Church acquired an affordable housing complex for seniors in Miami Beach for $36.5 million, property records show. The complex, called Stella Maris House, comprises 137 apartments at 8638 Harding Avenue, north of 86th Street, just two blocks west of the ocean in the North Beach neighborhood. Completed in 1985, the 101,483-square-foot building St. Agatha Catholic Church acquired an affordable housing complex for seniors in Miami Beach for $36.5 million, property records show. The complex, called Stella Maris House, comprises 137 apartments at 8638 Harding Avenue, north of 86th Street, just two blocks west of the ocean in the North Beach neighborhood. Completed in 1985, the 101,483-square-foot building

Articles about Robert Khodadadian from Commercial Observer St. Agatha Church Pays $37M for Miami Beach Senior Housing Complex – Commercial Observer

Articles about Robert Khodadadian from Commercial Observer, New York’s authority on commercial real estate leasing, financing, deals and culture.

St. Agatha Catholic Church acquired an affordable housing complex for seniors in Miami Beach for $36.5 million, property records show.

The complex, called Stella Maris House, comprises 137 apartments at 8638 Harding Avenue, north of 86th Street, just two blocks west of the ocean in the North Beach neighborhood. Completed in 1985, the 101,483-square-foot building sits on 2.2 acres.

Representatives for St. Agatha Catholic Church and Catholic Housing Management did not respond to requests for comment. It’s unclear when Catholic Housing Management acquired the property.

St. Agatha Catholic Church, a congregation based in University Park near Florida International University‘s campus, nabbed a $14.5 million acquisition loan from Centennial Bank. The loan is also backed by the U.S. Department of Housing and Urban Development (HUD).

Under the agreement, the not-for-profit church is required to make monthly payments of $3,425, according to mortgage documents.

Julia Echikson can be reached at jechikson@commercialobserver.com.

Robert Khodadadian, skyline properties, ground leases, ground lease, off market, investment sales, khodadadian, Commercial Real Estate Sales, The Commercial Observer, Retail For Lease, Commercial Observer, Commercial Office Lease

Channel, Residential, Sales, Stella Maris House, Florida, South Florida, Miami Beach, Catholic Housing Management, St. Agatha Catholic Church Read More Commercial ObserverSt. Agatha Catholic Church acquired an affordable housing complex for seniors in Miami Beach for $36.5 million, property records show. The complex, called Stella Maris House, comprises 137 apartments at 8638 Harding Avenue, north of 86th Street, just two blocks west of the ocean in the North Beach neighborhood. Completed in 1985, the 101,483-square-foot building

St. Agatha Catholic Church acquired an affordable housing complex for seniors in Miami Beach for $36.5 million, property records show. The complex, called Stella Maris House, comprises 137 apartments at 8638 Harding Avenue, north of 86th Street, just two blocks west of the ocean in the North Beach neighborhood. Completed in 1985, the 101,483-square-foot building

Robert Khodadadian has long had a simple philosophy about selling real estate. There are approximately a million buildings in the city, and the broker that gets to sell any one among the multitude that will hit the auctioning block at a given moment is, sometimes, simply the person who happens to pitch their services to the right seller.

Articles about Robert Khodadadian from Commercial Observer St. Agatha Church Pays $37M for Miami Beach Senior Housing Complex – Commercial Observer Articles about Robert Khodadadian from Commercial Observer, New York’s authority on commercial real estate leasing, financing, deals and culture.
St. Agatha Catholic Church acquired an affordable housing complex for seniors in Miami Beach for $36.5 million, property records show.
The complex, called Stella Maris House, comprises 137 apartments at 8638 Harding Avenue, north of 86th Street, just two blocks west of the ocean in the North Beach neighborhood. Completed in 1985, the 101,483-square-foot building sits on 2.2 acres.

The property offers affordable housing to those over the age of 62 with a maximum income of $36,150 for singles and $41,300 for couples, according to the website of the seller, Christian nonprofit Catholic Housing Management.
Representatives for St. Agatha Catholic Church and Catholic Housing Management did not respond to requests for comment. It’s unclear when Catholic Housing Management acquired the property.
St. Agatha Catholic Church, a congregation based in University Park near Florida International University‘s campus, nabbed a $14.5 million acquisition loan from Centennial Bank. The loan is also backed by the U.S. Department of Housing and Urban Development (HUD).
Under the agreement, the not-for-profit church is required to make monthly payments of $3,425, according to mortgage documents.
Julia Echikson can be reached at jechikson@commercialobserver.com.