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Land trades close to $15 million .

Cashflow In Miami
January 23, 2023

Land trades close to $15 million . 1635 North Miami Avenue, Arts and Entertainment District , Miami Records show JRSY Limited, led by Steven Gombinksi, sold the 0.9-acre site. It’s home to Elev8tion Fitness and the boxing gym The Temple of Boxing. Gombinksi leads his family’s firm, Gombinski Properties, which has owned real estate on Miami Beach’s Lincoln Road.The property sold for $14.8 million in the off market deal.

The site, in a federally designated Opportunity Zone, is zoned for a tower of up to 48 stories and about 500 units per acre. This took place in October ,2021.

The 17,616-square-foot building was constructed in 1920, and expanded in 1988 and 1991, records show.The gym is still there, but that price already seems so far and low:)


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