Prism Multifamily Group Acquires Broward County Multifamily For $53.5M

The recently closed property transaction in Broward County involved a multifamily asset located at 4401 NW 10th Ct. & 1861 NW 46th Ave. The property consists of 398 units and was sold for a total of $53,500,000, resulting in a price per unit of $134,000. The transaction took place on 05/28/2020.

Summary of transaction details

• Property Type: Multifamily
• Transaction Amount: $53,500,000
• Units: 398
• Price per Unit: $134,000

The buyer in this transaction was Prism Multifamily Group, while Jenco Properties acted as the seller. The deal was facilitated by Tal Frydman, Avery Klann, Hampton Beebe, Tyler Minix, and Jonathan Senn of Newmark Knight Frank, who represented the respective parties involved.