Press and Media
November 2, 2019 | Candace Friis

THE REAL DEAL

"Secaucus, New Jersey-based National Realty Investment Advisors bought two prime pieces of waterfront land in Gulf Stream for $13 million, property records show. One 1-acre lot at 2929 North Ocean Boulevard traded for about $151 per square foot, another 0.77-acre lot at 3565 North Ocean Boulevard traded for about 194 per square foot. NRIA operates as a real estate investment, management, and development firm, according to its website. Records show the company scored a $11 million loan from Gamma Real Estate. The lender is a boutique commercial real estate firm based in New York City. The seller is an entity of the San Fransisco-based Oberndorf Enterprises. The entity bought the property at 2929 North Ocean Boulevard in 2013 for $5.8 million, and the property at 3565 North Ocean Boulevard that same year for $4.5 million, records show. Corcoran Group’s Candace Friis represented both sides of the deals."

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