SOLD
Union Investment Real Estate Acquires Multifamily Asset In Flagler Village, Fort Lauderdale For $226.5M
421 Northeast 6th Street - Building 1 (Phase I) & 444 Northeast 7th Street - Building 2 (Phase II)
MultiFamily
430,500 SF
430,500 SF
Sold 1 year ago
Summary
Sale
FLORIDA
MultiFamily
430,500 sqft
The multifamily property located at 421 NE 6th Street - Building 1 (Phase I) & 444 NE 7th Street - Building 2 (Phase II) in Flagler Village, Fort Lauderdale, has been sold. The transaction took place on December 21, 2021. The property consists of 476 units with a total square footage of 430,500. The sale price for the property was $226,500,000, resulting in a per unit price of $475,840 and a price per square foot of $526.
Summary of transaction details
- Property Type: Multifamily
- Transaction Amount: $226,500,000
- Units: 476
- Price Per Unit: $475,840
- Total Square Footage: 430,500
- Price Per Square Foot: $526
- Market: Flagler Village, Fort Lauderdale
The buyer of the property was Union Investment Real Estate, represented by Tal Peri and Matthew Scholl. The seller was ALTA Developers, represented by Ignacio Montes and Raimundo Onetto. Still Hunter of Walker & Dunlop acted as the broker in the transaction.
Players
All
2
Agents
1
Agencies
1
Details
SOLD
IMAGE: Matthew Scholl, Still Hunter, Tal Peri, Ignacio Montes & Raimundo Onetto
DATE: 12/21/2021
ADDRESS: 421 NE 6th Street - Building 1 (Phase I) & 444 NE 7th Street - Building 2 (Phase II)
MARKET: Flagler Village, Fort Lauderdale
ASSET TYPE: Multifamily
BUYER: Union Investment Real Estate - Tal Peri (@Tal_Peri_NY) & Matthew Scholl
SELLER: ALTA Developers - Ignacio Montes & Raimundo Onetto
BROKER: Still Hunter - Walker & Dunlop
SALE PRICE: $226,500,000
UNITS: 476 ~ PPU: $475,840
SF: 430,500 ~ PPSF: $526View on map
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Address421 Northeast 6th Street - Building 1 (Phase I) & 444 Northeast 7th Street - Building 2 (Phase II)
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