Michael Bitton Purchases 1821 North State Road 7 In Margate From Phong Truong For $1.6M

This retail asset, located at 1821 North State Road 7 in Margate, has been sold for $1,600,000. The property encompasses a total area of 3,682 square feet, translating to a price per square foot of approximately $434.

Summary of transaction details:

• Property Type: Retail
• Transaction Amount: $1,600,000
• Buyer: Michael Bitton
• Seller: Phong Truong
• Brokers: Elon Gerberg, Adam H. Klein & Nick Hrycyna - Vision Real Estate Advisors
• Market: Margate
• Date of Transaction: 07/14/2026

The successful sale of the 441 Flagship involved strategic brokerage maneuvers that changed the narrative around a property that faced challenges on the market. Vision Real Estate Advisors focused on the asset's adaptive-reuse potential and highlighted upcoming developments in the area, leading to a competitive bidding environment and closing the deal within 90 days of being listed.