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Gale Hotel & Residences (Residential Units)

Neighborhood Snapshot: Downtown Miami


Development Name
Sales Status	Contract
Percentage Sold/Reserved
Address	601 NE 1st Avenue Miami
Location	Urban Core
Developer	Keith Menin, GFO Investments & M Galbut
Architect	Arquitectonica
Number of Units	240
Number of Stories	51
Estimated Completion (Year)	Q3 2024
Unit Type Range:	Studio – 2 Bds
Unit Size Range (/ft2)	410 ft2 –910 ft2
Price Range of Available Units:	$ 500,000 - $ 1.2M
Price Average (/ft2):	$ 1,000
Starting Price ( Studio Units )	$ 550,000
Starting Price ( 1 Bed Units )	$ 719,000
Starting Price ( 2 Bed Units )	$ 989,000
Starting Price ( 3 Bed Units )	-
Starting Price ( 4 Bed + Units )	-
Rental Policy	Flexible
Outside Broker Commission	6 %