Stonerock's two downtown Miami towers face a $65.7M foreclosure

A $65.7M judgment on 44 West and 200 SE 1st, two towers Stonerock bought for $56.7M in 2022, now roughly $9M underwater.

Amount claimed

not yet on record

Judgment

$65.7M · 2024-017049-CA-01

Market value

$24.9M · 01-0112-030-1030

Assessed value

$50.2M

Prior sale

$56.7M (2022) · Miami-Dade Property Appraiser sales history

The spreadJudgment $65.7M vs assessed $50.2M · -24% underwater

Property

Occupancy: No homestead

SpecsCommercial · 176,292 SF building · 23 floors · Built 1974

PartiesAFF IV 200 Miami LLC (plaintiff) · SRCTD 44-200 LLC (defendant)

2 documents

Timeline

Sep 6, 2024Foreclosure filed in Miami-Dade Circuit Court., 2024-017049-CA-01

Jun 11, 2026Stipulated final judgment of $65,747,591.43 entered, recorded O.R. Book 35351, Page 4170., 2024-017049-CA-01

Jul 9, 2026Court denied the owner's motion to stay the sale pending appeal., 2024-017049-CA-01

NEXT · Sep 16, 2026Foreclosure auction set; public listing withheld the address and named only MULTIPLE PARCELS., Miami-Dade auction calendar

Sourced to public records. Information, not investment advice. Allegations are the filing parties'. About this data →