Marcus & Millichap, a leading commercial real estate brokerage firm specializing in investment sales, financing, research and advisory services, announced 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.
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.
The garden-style multifamily property was built in 1960 and comprises a mix of one- and two-bedroom apartments. Riverside Manors is gated and fenced, with a pool, fire pit, and ample on-site parking.
Marcus & Millichap, Inc. (NYSE: MMI) is a leading national brokerage firm specializing in commercial real estate investment sales, financing, research and advisory services. 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 our clients. Marcus & Millichap closed 7,546 transactions in 2023, with a sales volume of approximately $43.6 billion.
