Carroll Organization Acquires Margate Multifamily For $66.5M With Lynd Living And North Point Capital Group As Sellers

David Lynd, David P. Zar, Shawn Hakimian, and Patrick Carroll were involved in the sale of a multifamily property located at 5750 Lakeside Dr in Margate, FL. The transaction took place on November 19, 2021.

Summary of transaction details:

• Property Type: Multifamily
• Transaction Amount: $66,500,000
• Address: 5750 Lakeside Dr, Margate, FL
• Market: Margate, FL
• Buyer: Carroll Organization - Patrick Carroll
• Seller: Lynd Living - David Lynd, North Point Capital Group - David P. Zar & Shawn Hakimian
• Units: 280
• Price Per Unit: $237,500
• Square Footage: 234,320
• Price Per Square Foot: $284

The Lynd Company and North Point Capital Group had purchased this property 8 months ago for $50,750,000. This transaction marks a significant increase in the sale price, reflecting the potential value and growth opportunities associated with the property.