J.T. Milton Acquires MultiFamily Asset In Sunrise For $28.9M

The property involved in this transaction is a multifamily asset located at 4001 North Pine Island Road in Sunrise. The property encompasses 117,714 square feet and consists of 119 units. The sale price for this property was $28,940,000, resulting in a price per unit of $243,193 and a price per square foot of $246.

Summary of transaction details

• Property Type: MultiFamily
• Transaction Amount: $28,940,000
• Address: 4001 North Pine Island Road, Sunrise
• Units: 119
• Price per Unit: $243,193
• Square Footage: 117,714
• Price per Square Foot: $246

The buyer in this transaction was J.T. Milton of J. Milton & Associates. The seller was Lloyd Jones. Newmark's Tal Frydman, Avery Klann, Hampton Beebe, and Naomi Swisa represented the seller as their brokers. These key individuals and companies played crucial roles in facilitating the deal.