Evan Schapiro Of Morgan Group Purchases Development Site In Deerfield Beach For $12M

The development site located at 418 Northeast River Drive in Deerfield Beach was sold for $12,000,000. This asset encompasses a total square footage of 365,904, translating to a price per square foot of $32. The site is designated for a 320 unit multifamily waterfront development.

Summary of transaction details:

• Property Type: Development Site
• Transaction Amount: $12,000,000
• Address: 418 Northeast River Drive
• Market: Deerfield Beach
• Square Footage: 365,904
• Price per Square Foot: $32
• Buyer: Evan Schapiro - Morgan Group
• Seller: Christopher Partridge
• Brokers: Tony Arellano & Devlin Marinoff - DWNTWN Realty Advisors

The transaction was managed by brokers Tony Arellano and Devlin Marinoff from DWNTWN Realty Advisors, representing Christopher Partridge as the seller. Evan Schapiro acted on behalf of Morgan Group as the buyer in this development site deal.