World Precious Metals Building In Downtown Miami Sold For $5.4M

 World Precious Metals Building

World Precious Metals Building

The World Precious Metals Building in Downtown Miami, located at 40 NE 1st Avenue was sold for $5.4 million, according to The Real Deal.

The three story 4,982 square foot building was built in 1906 while the adjacent eight story building was built in 1917 with 17,850 square feet. Originally called the Ralston Building, it was once the tallest building in Miami for a short period of time.

The building was purchased by investor Elliot Antebi with plans to acquire food and beverage tenants.