Landmark Cos. Acquires Multifamily Property In Coral Springs For $40.2M

The multifamily property located at 2801 Northwest 91 Avenue in Coral Springs has been sold for a total price of $40,200,000. The property spans across 18 acres and offers a total of 190 units, with a square footage of 182,867. The price per square foot is calculated to be $220, while the price per unit comes to approximately $211,579. The transaction was finalized on April 13, 2021.

Summary of transaction details

• Property Type: Multifamily
• Transaction Amount: $40,200,000
• Address: 2801 Northwest 91 Avenue, Coral Springs
• Market: Coral Springs
• Total Square Footage: 182,867
• Price per Square Foot: $220
• Total Units: 190
• Price per Unit: $211,579
• Total Acres: 18
• Price per Acre: $2,233,333

The buyers of the property are Landmark Cos., represented by Michael Gottlieb, Joel Schwartz, and Eric Harvitt. On the other hand, Iron River Management, represented by Jonathan Ringham, acted as the seller in this transaction.