Marcus & Millichap, a leading commercial real estate brokerage firm specializing in investment sales, financing, research and advisory services, announced the sale of Windsor House Apartments, a 60-unit multifamily community in West Miami.
“Windsor House attracted significant investor interest due to its excellent West Miami location and long-term ownership of more than 50 years,” said Felipe Echarte, senior
managing director investments in Marcus & Millichap’s Fort Lauderdale office. “These factors, combined with Marcus & Millichap’s marketing reach across the United States and Canada, drew both out-of-area buyers and local investors to compete for the asset.” Echarte and Evan P. Kristol, executive managing director investments, represented the seller, a private family entity.
Built in 1965, Windsor House Apartments is located on a 1.64-acre site at 1401 SW 67th Ave. The community consists of one-, two- and three-bedroom units with an average unit size of 507 square feet. Amenities include off-street parking, laundry facilities, a pool and sundeck. Recent capital improvements include an updated pool, resurfaced parking lot and a roof replacement in 2018.
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.
