SPIDER Sells Assembled Land in Edgewater to Local Investor Jehad Audy
The company which has become a Fintech through its Spider connect app, is working to
provide a new level of experience adding banking as a service in their platform
March 10, 2021, Miami, FL. – The 28,000 square foot site, located at 113 - 123 NE 25th Street has been sold by Spider to Jehad Audy for a total of $7,250,000.00. Jamie Rose Maniscalco and Alexandros Kyriakos Tsoulfas of Apex Capital Realty facilitated both sides of the transaction. The two have now completed over $20,000,000 of transactions in the direct area surrounding Edgewater’s NE 2nd Avenue corridor.
The sale of this land, which was assembled by Spider in 2014, marks one of the largest land trades in the western portion of Edgewater in recent years. “There’s a lot of inventory on this side of town but the price expectations haven’t lined up with market demand. Hopefully this sale will be a catalyst for change here,” remarks Jamie Maniscalco, lead agent on the deal.
The assemblage is now sold as the company has transitioned into a Fintech. “Spider will continue its strategic plan to invest in income producing real estate assets as well as the development of technology to simplify the investment experience,” said Andres Goldenberg, Spider's founder. “We created a platform that gives any foreign national the possibility to invest and control those investments at their fingertips.”
Goldenberg said that with this sale, “We continue to look for opportunities in markets that provide immediate returns as well as potential appreciation in the future. We continue to invest in our analytic capabilities and technology, in order to keep growing, and to make a difference.”
Over the past 6 years Spider has established its real estate presence in areas that are transforming, and then moves to find new areas once they are consolidated. The development of Spider Connect app has facilitated the investment process for foreign nationals looking to invest in the US market as a way to maximize the safety and stability of their investments.
Although Spider will continue to invest in the real estate market, its focus has changed from being a strategic residential real estate investor and developer to a Fintech that helps and facilitates the way foreign nationals invest in the US market. The sale of this land located in Edgewater will help with this new vision.
Spider is an Investment Hub which provides 360 solutions to international investors in the US market. Through their app Spider Connect, and it’s all in one structure, anyone can invest and manage their funds from any cellphone or computer. Having all the necessary, legal, accounting, and administrative assistance under one company at their fingertips.