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Announcement

Multifamily sale hits record  with $136 million sale so far for this year!!

By
Cashflow In Miami
on
July 18, 2020

1721 17th st, Fort Lauderdale

TGM Associates bought the Broadstone Harbor Beach apartment complex for $136 million, marking South Florida’s largest multifamily deal so far this year.The New York-based real estate firm purchased the 394-unit waterfront building at 1721 17th Street for $345,177 per unit, records show. TGM bought the property from Alliance Residential and Invesco Real Estate. 

Each unit averages 912 square feet, with rents ranging between $2,000 to $3,000 a month. They include studios, one-bedrooms and two-bedrooms. Amenities include a fitness center, boxing and yoga studio, movie theater, pool with cabanas, dog park and massage room.This just shows strong and healthy multifamily investment market in Fort Lauderdale .

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