Buyer Secures 34-Unit Value-Add Multifamily Deal in Emerging Little River

J+ Group at Compass Commercial Represents Buyer in 34-Unit Co-Op Acquisition in Little River

MIAMI, FL – December 2025 – J+ Group at Compass Commercial is proud to announce the successful closing of 60 NW 79th Street, a 34-unit multifamily property located in Miami’s rapidly evolving Little River neighborhood. The transaction closed for $5,000,000, equating to approximately $147,059 per unit.

Jesse Spencer, Team Principal of J+ Group at Compass Commercial, represented the buyer in the transaction. George Belesis of DWNTWN Realty Advisors represented the seller.

Originally built in 1959, the property consists of 32 one-bedroom units and 2 two-bedroom units, totaling approximately 15,924 square feet on an estimated 28,000-square-foot parcel. The asset was structured as a legacy cooperative, requiring the dissolution of the existing co-op ownership and the coordinated buyout of all shares — a process that added meaningful complexity and made the transaction notable within the Miami multifamily market.

“This was a highly technical transaction that required patience, coordination, and a clear understanding of both the asset and the ownership structure,” said Jesse Spencer. “Situations like this are often overlooked, but they can present compelling long-term opportunities when approached thoughtfully.”

Located near the intersection of NW 79th Street and North Miami Avenue, the property sits within one of Miami’s most active emerging districts, benefiting from proximity to Little Haiti, El Portal, the MiMo Biscayne Corridor, and key cultural destinations such as The Citadel, Little River Studios, and the Design District. Little River continues to attract interest for its creative energy, central location, and sustained redevelopment momentum.

The new ownership plans to execute measured upgrades to the apartments and common areas, allowing the asset to evolve alongside the neighborhood while maintaining stability for existing residents and preserving the building’s original character.

The property will be professionally managed by reLEASE Miami Property Management, which will oversee day-to-day operations, leasing, and capital improvements. reLEASE Miami provides a tech-enabled, investor-aligned management platform, supporting asset performance through hands-on execution and operational oversight.

This acquisition further reflects J+ Group’s focus on advising buyers through complex, value-driven transactionsacross Miami’s urban core. Through J+ Group and reLEASE Miami, the team actively sources, underwrites, and manages multifamily and mixed-use assets in neighborhoods experiencing long-term growth and transformation.

For media inquiries or to learn more, please contact:

Jesse Spencer

Team Principal | J+ Group – Compass Commercial

[email protected]

305.632.7195