Press Releases
Marcus & Millichap Brokers 21-Unit Apartment Sale in Dania Beach for $4.48 Million
April 28, 2025
DANIA BEACH, Fla., April 28, 2025 – 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 Dania Heights, a 21-unit apartment property in Dania Beach, Florida, for $4,475,000.
“The sale of Dania Heights speaks to the demand for quality turn-key multifamily assets in rapidly growing markets of South Florida. This was a rare opportunity to acquire a fully renovated, turnkey asset in the heart of Dania Beach,” said Austin Michels, associate. “With strong interest from both local and out-of-state investors, we received over 10 offers and ultimately closed with a New York-based private buyer. The combination of updated interiors, a strategic location just north of Sheridan Street and west of Federal Highway, and attractive seller financing made this an especially compelling deal at $4,475,000 — or $213,095 per unit and $328 per square foot.”
Michels, along with Brandon Rex, Nicholas McAndrew, Evan P. Kristol and Felipe Echarte, investment specialists in Marcus & Millichap’s Fort Lauderdale office, represented the seller in the transaction.
Built in 1970, Dania Heights is a two-story, garden-style apartment building located at 37 SW 14th St. The unit mix includes one-, two- and three-bedroom layouts, each renovated with updated kitchens, bathrooms and modern finishes. The sale also included a contiguous single-family home at 25 SW 14th St. The property is minutes from Fort Lauderdale-Hollywood International Airport, Port Everglades, Dania Pointe and the Casino at Dania Beach.
“The sale of Dania Heights speaks to the demand for quality turn-key multifamily assets in rapidly growing markets of South Florida. This was a rare opportunity to acquire a fully renovated, turnkey asset in the heart of Dania Beach,” said Austin Michels, associate. “With strong interest from both local and out-of-state investors, we received over 10 offers and ultimately closed with a New York-based private buyer. The combination of updated interiors, a strategic location just north of Sheridan Street and west of Federal Highway, and attractive seller financing made this an especially compelling deal at $4,475,000 — or $213,095 per unit and $328 per square foot.”
Michels, along with Brandon Rex, Nicholas McAndrew, Evan P. Kristol and Felipe Echarte, investment specialists in Marcus & Millichap’s Fort Lauderdale office, represented the seller in the transaction.
Built in 1970, Dania Heights is a two-story, garden-style apartment building located at 37 SW 14th St. The unit mix includes one-, two- and three-bedroom layouts, each renovated with updated kitchens, bathrooms and modern finishes. The sale also included a contiguous single-family home at 25 SW 14th St. The property is minutes from Fort Lauderdale-Hollywood International Airport, Port Everglades, Dania Pointe and the Casino at Dania Beach.
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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.
