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Built in 2022 - 646 units - 47 floors

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Building Information

Elster (The)

Number of units: 646
Active listings for rent: 13
Active listings for sale: 82
Building inventory for sale: 12%
Number of sales over the last 12 months: 19
Number of sales over the last 6 months: 12
Number of sales over the last 3 months: 8
Avg. time to close over last 12 months: 133 days

Address

398 NE 5 St, Miami, Miami-Dade, FL, 33132

The Elser Residences Miami
Address: 398 NE 5th St,
Miami, FL 33132
Phone: +1 305-744-5842

Link: https://

Recent Sales

Unit # Size Closing Date Sale Price PPSF
3406 443 sq ft Feb 2026 $450,000 $1,016
1906 443 sq ft Feb 2026 $475,000 $1,072
2016 362 sq ft Jan 2026 $365,000 $1,008
1803 439 sq ft Jan 2026 $435,000 $991
2503 439 sq ft Dec 2025 $475,000 $1,082
2503 439 sq ft Dec 2025 $475,000 $1,082
2506 443 sq ft Dec 2025 $475,000 $1,072
4613 357 sq ft Dec 2025 $580,000 $1,625

Market Information

Building vs Area

Elster (The): $1110/sq. ft.
Miami: $606/sq. ft.

Area vs City

Miami $606/sq. ft.
Miami-Dade $662/sq. ft.

Inventory for sale

Miami: 5%
Miami-Dade: 4%

Avg. time to close over last 12 months

Elster (The) 133 days
Miami: 71 days
Miami-Dade: 79 days