Metropolitan Property Group Acquires Multifamily Property In Fort Lauderdale For $13.6M

The multifamily property located at 700-745 NW 14th Terrace in Fort Lauderdale has been sold in a closed transaction. The property spans across 4.84 acres, featuring a total of 96 units and a square footage of 62,150. The sale price of this transaction was $13,600,000, resulting in a price per unit of approximately $141,667 and a price per square foot of $219.

Summary of Transaction Details

• Property Type: Multifamily
• Transaction Amount: $13,600,000
• Address: 700-745 NW 14th Terrace
• Market: Fort Lauderdale
• Acreage: 4.84
• Units: 96
• Square Footage: 62,150
• Price Per Unit: $141,667
• Price Per Square Foot: $219

The buyer of this property is Metropolitan Property Group, represented by Jonathan Ibarra-Blackmoon. The seller of the property is BSD Management. The deal was facilitated by brokers Dan Dratch, Greg Matus, and Ryan Wold from Franklin Street.