Marcus & Millichap Brokers Sale of Garden-Style Multifamily Property in Fort Lauderdale

FORT LAUDERDALE, Fla., Oct. 1, 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 Riverside Manors, a 10-unit multifamily property in Fort Lauderdale, Florida, for $2,050,000.

"Riverside Manors presented an excellent opportunity for the buyer to acquire a boutique portfolio in one of the most desirable locations in Fort Lauderdale, showcasing the continued demand for well-located multifamily assets in the area," said Daniel Cunningham, senior vice president investments.

Daniel Cunningham, Evan Richardson, Dillon Majeski and River Rhoads, investment specialists in Marcus & Millichap's Fort Lauderdale office, exclusively marketed the property on behalf of the seller, Tropical View Apartments, and procured the buyer, a local private investor.

Riverside Manors is located at 713 SW 13th Ave., minutes from the Himmarshee District, Flagler Village, and Las Olas Boulevard. The garden-style multifamily property comprises a mix of one- and two-bedroom apartments. The property is gated and fenced, with a pool, fire pit, and ample on-site parking.

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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, 2023, the company had 1,783 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 7,546 transactions in 2023, with a sales volume of approximately $43.6 billion. For additional information, please visit www.MarcusMillichap.com.