Marcus & Millichap, a leading commercial real estate brokerage firm specializing in investment sales, financing, research and advisory services, announced today the sale of Harbordale Residences in Fort Lauderdale, Florida. The property sold for $2,565,000.
“This closing demonstrates that even in the face of prevailing market difficulties, prospective buyers are actively seeking for, and closing on, high-quality assets in sought-after locations such as Harbordale Residences.” said Evan Kristol, executive managing director of investments.
Kristol, Brandon Rex, and Austin Michels, investment specialists in Marcus & Millichap’s Fort Lauderdale office, had the exclusive listing to market the property on behalf of the seller, an LLC, and secured the buyer, a Florida-based LLC.
The 11-unit, boutique apartment building is located on 749 SE 15th St., situated east of Federal Highway US 1, between SE 13th St. and SE 24th St., directly across the street from Harbordale Elementary School. The building features six one-bedroom and five two-bedroom apartments with eight recently renovated. Amenities include 17 parking spaces, a courtyard, and an on-site laundry facility. Apartment features include ceramic tile or faux wood vinyl flooring, granite countertops, wall unit air-conditioning, and individual hot-water heaters.
