JLL Capital Markets has closed the sale of Tecela Little Havana, a newly developed, 16-unit urban infill multifamily community in Miami’s Little Havana neighborhood, for $4.1 million. JLL marketed the property on behalf of the seller, Miami-based real estate development company Tecela. The buyer is a private investor represented by 761 NW 1ST LLC.

“With most of Little Havana’s multi-housing properties being of an older vintage, this represented a very rare opportunity to acquire a newly built asset within one of Miami’s fastest growing and highly desirable neighborhoods,” says Victor Garcia, director at JLL Capital Markets.

Tecela Little Havana was designed by award-winning architect Jason Chandler and inspired by New York’s brownstones, Boston townhomes, and Miami’s style and culture.

Completed in two phases between 2017 and 2019, the community consists of four townhouses containing a total of 16 studio, one-, and two-bedroom apartments ranging from 595 to 1,171 square feet in size. Each unit features high ceilings, polished concrete floors, in-unit laundry, and a private balcony or backyard.

The community was among the first to take advantage of a zoning change in Miami that allowed buildings of up to 10,000 square feet to eschew on-site parking. It has set a per-door sale record for a smaller building with no on-site parking, as distinguished from larger buildings without parking.

“I am thankful for the investors and the whole team who moved these townhouses from idea to completion to sale,” adds Andrew Frey, founder of Tecela, “especially for JLL’s adept marketing of the first-in-Miami brownstones and walkable urbanism in general.”