J+ Group at Compass Commercial Represents Buyer in Rare Acquisition of Belle Meade’s Only Multifamily Building

J+ Group at Compass Commercial is proud to announce the successful closing of 694 NE 76th Street, a ten-unit multifamily property located within the prestigious guard-gated neighborhood of Belle Meade in Miami’s Upper East Side. The property sold for $2,280,000, or approximately $228,000 per unit.

Jesse Spencer, Team Principal, and Juan Sotolongo, Commercial Broker Associate, represented the buyer in the transaction.

Originally built in 1927, this Mediterranean-style building is the only multifamily property located within Belle Meade’s gated community, making it an extraordinarily rare asset in one of Miami’s most desirable residential neighborhoods. The property includes 10 units, including two oversized top-floor residences with private rooftop terraces — a unique feature not typically found in properties of this age.

The buyer plans to enhance the asset through a thoughtful renovation, preserving its historic charm while upgrading interiors and shared spaces to maximize long-term value and livability.

“This was a unique opportunity to acquire a character-rich building in a neighborhood defined by high-end single-family homes,” said Juan Sotolongo “Its location, scale, and inherent appeal made it a highly attractive long-term investment.”

With walkable access to the shops and restaurants of the MiMo Biscayne Corridor, and just minutes from the Design District, Little River, and Miami Beach, the property offers a boutique lifestyle experience ideally suited for professionals, remote workers, creatives, and entrepreneurs seeking gated privacy with city connectivity.

“This acquisition reflects our core approach — uncovering value where others may overlook it,” Jesse Spencer added. “We specialize in navigating complex scenarios, identifying repositioning potential, and managing execution from acquisition through stabilized operations.”

The property is being professionally managed by reLEASE Miami Property Management, which will oversee renovations, leasing, and day-to-day operations. reLEASE Miami acts as the operational engine behind the portfolio — offering tech-enabled management with a hands-on, investor-aligned approach.

This acquisition expands a growing portfolio of boutique-scale assets managed by Spencer’s team — blending private capital discipline with a vertically integrated execution model. Through J+ Group and reLEASE Miami, the team actively sources, underwrites, repositions, and manages real estate across Miami’s evolving urban districts, including multifamily, single-family residential, mixed-use, and redevelopment opportunities.

For media inquiries or to learn more about investment partnerships, please contact:

Jesse Spencer

Team Principal | J+ Group – Compass Commercial

[email protected]

305.632.7195

Juan Sotolongo

Broker Associate | J+ Group – Compass Commercial 

[email protected]

305.227.1055