Karma Executive Homes Acquires Fort Lauderdale Multifamily For $7.9M

The multifamily property located at 3049 Harbor Dr in Fort Lauderdale has been sold. The transaction took place on 04/20/2022. The property, consisting of 8 units, spans across 16,500 square feet. The sale price for this property was $7,900,000, which translates to a price per unit of $987,500 and a price per square foot of $479.

Summary of transaction details:

• Property Type: Multifamily
• Transaction Amount: $7,900,000
• Units: 8
• Square Footage: 16,500
• Price per Unit: $987,500
• Price per Square Foot: $479
• Market: Fort Lauderdale
• Buyer: Karma Executive Homes - Rajiv Sharma
• Seller: Intervest Southeast House Limited Partnership – Dale Williams
• Brokers: Gerard Yetming & Julian Zuniga - Colliers International

Growing interest in the Fort Lauderdale market led to the sale of this multifamily property. The deal was facilitated by brokers Gerard Yetming and Julian Zuniga from Colliers International. The buyer, Karma Executive Homes, was represented by Rajiv Sharma. On the other side, Intervest Southeast House Limited Partnership, led by Dale Williams, acted as the seller. With a price per square foot of $479, this transaction exemplifies the value potential in the Fort Lauderdale market.