Press Releases
Marcus & Millichap Closes Boutique Apartment Sale in Hallandale Beach, Florida
February 25, 2026
HALLENDALE BEACH, Fla., Feb. 25, 2026 – 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 Parkview at Gulfstream, a 10-unit apartment community in Hallandale Beach, Florida, for $2,895,000. The property traded at $289,500 per unit, representing the highest price per unit recorded for a non-waterfront property of more than five units in Hallandale Beach.
“The acquisition of Parkview at Gulfstream was an exceptional opportunity for the buyer, as it is located directly across the street from their offices,” said Evan P. Kristol, executive managing director investments. “The property was completely renovated inside and out by the seller, so there should be no significant capital expenditures for the foreseeable future.”
Kristol, along with Felipe Echarte, Brandon Rex and Austin Michels, investment specialists in Marcus & Millichap’s Fort Lauderdale office, represented the private seller. The transaction generated multiple offers from local buyers and closed as an all-cash sale in less than 90 days.
The property is located at 415 and 417 SE Third Ave., 414 SE Fourth Ave. and 311 SE Fifth St., one block from Gulfstream Park. The 10-unit community consists of four contiguous gated buildings on approximately 0.42 acres. Originally built between 1949 and 1973, the property includes one- and two-bedroom units averaging 657 square feet.
The seller invested more than $1.1 million in renovations in 2021 and 2022, including new roofs, impact windows and doors, upgraded plumbing and electrical systems and modernized interiors.
“The acquisition of Parkview at Gulfstream was an exceptional opportunity for the buyer, as it is located directly across the street from their offices,” said Evan P. Kristol, executive managing director investments. “The property was completely renovated inside and out by the seller, so there should be no significant capital expenditures for the foreseeable future.”
Kristol, along with Felipe Echarte, Brandon Rex and Austin Michels, investment specialists in Marcus & Millichap’s Fort Lauderdale office, represented the private seller. The transaction generated multiple offers from local buyers and closed as an all-cash sale in less than 90 days.
The property is located at 415 and 417 SE Third Ave., 414 SE Fourth Ave. and 311 SE Fifth St., one block from Gulfstream Park. The 10-unit community consists of four contiguous gated buildings on approximately 0.42 acres. Originally built between 1949 and 1973, the property includes one- and two-bedroom units averaging 657 square feet.
The seller invested more than $1.1 million in renovations in 2021 and 2022, including new roofs, impact windows and doors, upgraded plumbing and electrical systems and modernized interiors.
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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, 2025, the company had 1,808 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 8,818 transactions in 2025, with a sales volume of approximately $50.9 billion. For additional information, please visit www.MarcusMillichap.com.
