Marcus & Millichap, a leading commercial real estate brokerage firm specializing in investment sales, financing, research and advisory services, announced the sale of SK Apartments, an 83-unit two-story apartment community in North Miami for $16.5 million.
“The sale of the SK Apartments is a sign that the market is recovering and an example of Marcus & Millichap’s unique marketing platform’s ability to form a market and obtain top of the market prices for Sellers,” said Felipe Echarte, senior managing director investments.
Located at 14555 NE 6th Avenue, SK Apartments sits on a 1.99-acre lot at the corner of NE 6th Avenue and NE 145th Street. The property includes a mix of one- and two-bedroom units, averaging 645 square feet. The community has been well-maintained and significantly upgraded over the years, with improvements such as hurricane impact windows, new roofs, and modernized electrical systems. The property is near Interstate 95 and within a short distance of Florida International University’s Biscayne Bay Campus and Barry University.
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.
