Constellation Properties Acquires Multifamily Property In Hollywood For $2.3M With Broker Joseph Thomas

The multifamily property located at 2140 Monroe Street in Hollywood, FL was sold for $2.3 million. This two-story building comprises 12 units and spans a total of 9,452 square feet. Built in 1972 and situated on a 0.26-acre lot, the property was acquired on August 10, 2026, showcasing a price per unit of $191,667 and a price per square foot of $243.33.

Summary of transaction details:

• Property Type: Multifamily
• Transaction Amount: $2,300,000
• Buyer: Constellation Properties
• Seller: Capital Place Properties, Inc.
• Broker: Joseph Thomas - Marcus & Millichap
• Units: 12
• Square Footage: 9,452
• Acres: 0.26
• Year Built: 1972
• New Seller-Carried Debt: $1,667,000

Joseph Thomas from Marcus & Millichap represented the interests of the buyer, Constellation Properties, in this transaction involving the acquisition of the multifamily asset. Capital Place Properties, Inc. was the seller in this deal.