Press Releases
Marcus & Millichap Sells Fort Lauderdale Waterfront Multifamily Property for $4.55 Million
July 03, 2024
FORT LAUDERDALE, Fla., July 3, 2024 – Marcus & Millichap (NYSE: MMI), a leading commercial real estate brokerage firm specializing in investment sales, financing, research and advisory services, announced today the sale of Middle River Apartments, an 18-unit multifamily property in Fort Lauderdale, Florida. The asset sold for $4,550,000.
“This rare East Fort Lauderdale waterfront property with ocean access presents a unique opportunity,” said Brandon Rex, senior vice president investments. “The property has undergone several improvements and features a desirable mix of one- and two-bedroom units.”
Rex, Evan Kristol and Austin Michels, investment specialists in Marcus & Millichap’s Fort Lauderdale office, had the exclusive listing to market the property on behalf of the seller, Middle River Apartments, LLC and secured the buyer, a local limited liability company.
The two, two-story garden-style apartment buildings are located at 1821 Middle River Dr., comprising a unit mix of one- and two-bedroom units. This prime waterfront property features ocean access, a waterfront swimming pool and sundeck, a well-landscaped courtyard with picnic area and barbeque grill, and six boat slips with a rare marina license.
“This rare East Fort Lauderdale waterfront property with ocean access presents a unique opportunity,” said Brandon Rex, senior vice president investments. “The property has undergone several improvements and features a desirable mix of one- and two-bedroom units.”
Rex, Evan Kristol and Austin Michels, investment specialists in Marcus & Millichap’s Fort Lauderdale office, had the exclusive listing to market the property on behalf of the seller, Middle River Apartments, LLC and secured the buyer, a local limited liability company.
The two, two-story garden-style apartment buildings are located at 1821 Middle River Dr., comprising a unit mix of one- and two-bedroom units. This prime waterfront property features ocean access, a waterfront swimming pool and sundeck, a well-landscaped courtyard with picnic area and barbeque grill, and six boat slips with a rare marina license.
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About Marcus & Millichap, Inc. (NYSE: MMI)
Marcus & Millichap, Inc. is a leading brokerage firm specializing in commercial real estate investment sales, financing, research and advisory services with offices throughout the United States and Canada. As of December 31, 2024, the company had 1,712 investment sales and financing professionals in over 80 offices who provide investment brokerage and financing services to sellers and buyers of commercial real estate. The company also offers market research, consulting and advisory services to clients. Marcus & Millichap closed 7,836 transactions in 2024, with a sales volume of approximately $49.6 billion. For additional information, please visit www.MarcusMillichap.com.
