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Announcement

Flagler Village Sale

By
Cashflow In Miami
on
December 8, 2020

AMLI, which has owned and developed thousands of apartments in South Florida, paid $58.25 million for the property in 2011, records show. It was developed between 2009 and 2010.

Jenco renamed the property Aviah Flagler Village. Monthly asking rents range from $1,619 to $2,370 for a one-bedroom; $2,139 to $2,606 for a two-bedroom; and $2,784 to $3,166 for a three-bedroom, according to Apartments.com.

Amenities include a swimming pool; two-story fitness center; a yoga, spinning and aerobic studio; a private dog park; and courtyards with an outdoor pool table, fireplace, bar and grill.  

This with Doral $100 Million The Flats deal are the biggest this year so far!!

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519, 529 and 597 S. Andrews Ave., plus 518 and 532 S.W. First Ave, Fort Lauderdale, Fl.

Kygo LLC, managed by Richard M. Goldberg, and Kyle Family Investments TIC, managed by John P. Kyle, sold their respective two-thirds and one-third interest in the 1.67-acre site at 519, 529 and 597 S. Andrews Ave., plus 518 and 532 S.W. First Ave. The buyer was Fed City South Andrews, an affiliate of Washington, D.C.-based commercial real estate firm Federal City Property Investors.

The last regular sale of this property was for $5 million in 2005.

The property currently has a 17,299-square-foot mixed-use building, which is home to a bail bonds business and a criminal defense law firm. The site is across from the Broward County Jail.

This is walking distance to recently purchased $63 million Oko group land piece!!

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317 North Federal Highway and 515 Northeast Third Street , Fort Lauderdale

Dev Motwani spends $14 million on land in Fort Lauderdal. Motwani is considering resi, retail and hotel uses for the site!

J & C Fox Family LLC and Joel Fox Inc., tied to Joel and Camille Fox, sold the buildings. They’ve owned the land since at least 1982.

The Fox family provided $9.6 million in seller financing for the property.

The 1.75-acre site includes a Greyhound bus stop as well as a two-story retail building that is currently occupied by a Sherwin-Williams. The properties were built in 1960 and 1985.

Motwani was one of the sellers in a $63 million sale of land in Fort Lauderdale to developer Vlad Doronin’s OKO Group.

Motwani said the sale of that land and the purchase in Flagler Village was a 1031 exchange.

Interested in more information? Call Andrey at (786) 942 - 0502

...

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