Michael Levy Of Crow Holdings Acquires 376-Unit Multifamily Asset In Davie For $97.6M

The property asset involved in the transaction is a 376-unit multifamily complex located at 6300 Southwest 24th Place in Davie, encompassing 15.5 acres. The sale price for the property was $97,600,000, which translates to a price per unit of $259,574. The property has seen an annual appreciation of 2.16% since its previous sale in 2014 for $78.8 million, with current rental rates ranging from $2,048 to $3,005.

Summary of transaction details:

• Property Type: Multifamily
• Transaction Amount: $97,600,000
• Address: 6300 Southwest 24th Place
• Market: Davie
• Asset Size: 15.5 acres
• Units: 376
• Price Per Unit: $259,574
• Buyer: Michael Levy - Crow Holdings
• Seller: David Gilbert - Clarion Partners

This transaction involves Michael Levy representing Crow Holdings as the buyer and David Gilbert representing Clarion Partners as the seller. The deal reflects the continued demand for multifamily properties in the Davie market.