Marcus & Millichap Arranges $6.1 Million Sale of 24-Unit Multifamily Property in Fort Lauderdale

FORT LAUDERDALE, Fla., Nov. 8, 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 The Gardens, a 24-unit multifamily property in Fort Lauderdale, Florida, for $6,100,000.

"The sale of The Gardens showcases the high demand for quality multifamily assets in South Florida," said Austin Michels, associate. "It also demonstrates The Kristol Group of Marcus & Millichap's ability to cooperate with outside brokerage firms to achieve excellent results for clients."

Michels, Brandon Rex and Evan Kristol, investment specialists in Marcus & Millichap's Fort Lauderdale office, procured the local buyer.

Built in 1966, The Gardens is a 28,587-square-foot property located at 2190 NE 51st Court, positioned near major transit routes, shopping, and dining hubs in Fort Lauderdale's Coral Ridge Isles neighborhood. The property comprises 24 units, offering a mix of one- and two-bedroom apartments.

# # #

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.