Press Releases
Marcus & Millichap Arranges Sale of Victory Apartments in North Miami Beach
July 22, 2025
NORTH MIAMI BEACH, Fla., July 22, 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 Victory Apartments, a six-unit multifamily property in North Miami Beach, Florida, for $1,065,000.
“The property is located in an excellent North Miami Beach location with great walkability to parks, civic centers and retail,” said Brandon Rex, senior managing director investments. “With all one-bedroom units and a recent roof replacement in 2025, Victory Apartments offers strong rental upside in one of Miami-Dade County’s most in-demand submarkets.”
Rex, Evan P. Kristol and Nicholas McAndrew, investment specialists in Marcus & Millichap’s Fort Lauderdale office, represented the seller in the transaction.
Victory Apartments is located at 1999 NE 168th St., on the corner of NE 168th Street and NE 20th Avenue, directly adjacent to Victory Park Community Center, which features an aquatic center, sports courts and a playground. The property comprises a single two-story, garden-style apartment building built in 1963 on 0.13 acres. It offers convenient access to Biscayne Boulevard, retailers, restaurants and major thoroughfares, including Interstate 95, State Road 826 and Florida’s Turnpike.
“The property is located in an excellent North Miami Beach location with great walkability to parks, civic centers and retail,” said Brandon Rex, senior managing director investments. “With all one-bedroom units and a recent roof replacement in 2025, Victory Apartments offers strong rental upside in one of Miami-Dade County’s most in-demand submarkets.”
Rex, Evan P. Kristol and Nicholas McAndrew, investment specialists in Marcus & Millichap’s Fort Lauderdale office, represented the seller in the transaction.
Victory Apartments is located at 1999 NE 168th St., on the corner of NE 168th Street and NE 20th Avenue, directly adjacent to Victory Park Community Center, which features an aquatic center, sports courts and a playground. The property comprises a single two-story, garden-style apartment building built in 1963 on 0.13 acres. It offers convenient access to Biscayne Boulevard, retailers, restaurants and major thoroughfares, including Interstate 95, State Road 826 and Florida’s Turnpike.
# # #
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.
