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Hernan Rey Of Flow Property Group LLC Acquires Multifamily Asset In Fort Lauderdale For $3.365M

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SOLD
$3,365,000

Florida

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MultiFamily9,856 SF
Sold 12/11/2025
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Property Image
SOLD

Hernan Rey Of Flow Property Group LLC Acquires Multifamily Asset In Fort Lauderdale For $3.365M

408 Northeast 7th Avenue

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MultiFamily9,856 SF
Sold 12/11/2025
the dealplayerscompscontact
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Summary

FLORIDA
Asset Type:MultiFamily
Price Per Square Foot:$341
Total Square Footage:9,856 SF
Transaction Type:Sale

A multifamily property located at 408 Northeast 7th Avenue in Fort Lauderdale has been sold for $3,365,000. The asset encompasses 9,856 square feet on a 0.61-acre lot and comprises 16 units, resulting in a price per unit of $210,313 and a price per square foot of $341.

Summary of transaction details:

  • Property Type: Multifamily
  • Transaction Amount: $3,365,000
  • Units: 16
  • Square Footage: 9,856
  • Price per Unit: $210,313
  • Price per Square Foot: $341
  • Buyer: Hernan Rey - Flow Property Group LLC
  • Seller: Edward Figaredo, Luis Carreras & Lazaro Alonso
  • Broker: Joseph Thomas - Marcus & Millichap

The transaction involved Flow Property Group LLC, which recently acquired a 21-unit multifamily portfolio in Fort Lauderdale for a total of $4.47 million. This particular deal was facilitated by Joseph Thomas of Marcus & Millichap, with financing provided by BrightStar Credit Union amounting to $2.38 million.

Players

Joseph Thomas
Marcus & Millichap
Joseph Thomas
53 deals$372.9M volume
BROKER

Details

SOLD
IMAGE: Joseph Thomas DATE: 12/11/2025 ADDRESS: 408 Northeast 7th Avenue MARKET: Fort Lauderdale ASSET TYPE: Multifamily ~ ACRES: 0.61 BUYER: Hernan Rey - Flow Property Group LLC SELLER: Edward Figaredo, Luis Carreras & Lazaro Alonso BROKER: Joseph Thomas (@TheThomasteamfl) - Marcus & Millichap (@MarcusMillichapInc) SALE PRICE: $3,365,000 UNITS: 16 ~ PPU: $210,313 SF: 9,856 ~ PPSF: $341 NOTE: Flow Property Group LLC acquired a 21-unit multifamily portfolio in Fort Lauderdale for $4.47M from sellers Edward Figaredo, Luis Carreras, and Lazaro Alonso.The transaction, brokered by Marcus & Millichap’s Joseph Thomas, includes two properties totaling 12,488 square feet and was financed with $2.38M in debt from BrightStar Credit Union.

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