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