Sterling Equities Acquires Multifamily Property In Fort Lauderdale For $92.4M

Located at 408 NE 6th Street in Fort Lauderdale, this multifamily property was recently sold in a closed transaction. The property consists of 286 units and was sold for a price of $92,400,000, resulting in a price per unit of $323,077.

Summary of transaction details

• Property Type: Multifamily
• Transaction Amount: $92,400,000
• Address: 408 NE 6th Street, Fort Lauderdale
• Market: Fort Lauderdale

The buyer in this transaction was Sterling Equities, represented by Fred Wilpon. The seller was PGIM, represented by Eric Adler.