Marcus & Millichap Brokers $1.065M Sale Of Victory Apartments In North Miami Beach

The sale of Victory Apartments, a multifamily property located at 1999 Northeast 168th Street in North Miami Beach, was recently completed. The asset consists of six one-bedroom units and is situated on a 0.13-acre lot. This property was built in 1963 and has undergone notable updates including a recent roof replacement, which presents potential rental upside for investors.

Summary of transaction details:

• Property Type: Multifamily
• Transaction Amount: $1,065,000
• Units: 6
• Price Per Unit: $177,500
• Broker: Brandon Rex - Marcus & Millichap
• Date of Transaction: 07/23/2025
• Market: North Miami Beach
• Acres: 0.13

Brandon Rex of Marcus & Millichap represented the seller in this transaction, facilitating the deal for the multifamily property adjacent to Victory Park. The broker's expertise in the North Miami Beach market contributed to the successful completion of this transaction.