Midas Equities LLC Acquires Multifamily Portfolio In Fort Lauderdale For $8.87M

A multifamily portfolio consisting of 42 units across three properties located at 610 and 622 Northeast 1st Avenue and 629 Northeast 2nd Avenue in Fort Lauderdale, FL, has been sold for $8,870,000. The properties are situated in the Flagler Village area and have a price per unit of $211,190.

Summary of transaction details:

• Property Type: Multifamily
• Transaction Amount: $8,870,000
• Buyer: Midas Equities LLC
• Seller: Cooper Properties
• Broker Representatives: Jaime Sturgis & Adam Docktor - Native Realty
• Units: 42
• Price Per Unit: $211,190
• Market: Fort Lauderdale, FL

The transaction was facilitated by Native Realty, with Jaime Sturgis acting on behalf of the seller, Cooper Properties, while Adam Docktor represented the buyer, Midas Equities LLC. This sale underscores the ongoing interest from investors in the Flagler Village area, which is supported by RAC-UV zoning allowing for higher-density redevelopment, contributing to Native Realty's growth within the South Florida multifamily sector.