Dan Dratch News Today

FORT LAUDERDALE, FL - Franklin Street has arranged the sale of Marina Townhomes, a 24-unit, 38,800-square-foot, waterfront multifamily property in Fort Lauderdale, for $7.8 million, equating to $325,000 per unit. The transaction marks the first time the value-add, 1983-built property has ever traded hands. Franklin Street’s South Florida Multifamily Investment Sales Team of Ryan Wold, Dan Dratch and Greg Matus arranged the transaction on behalf of both the seller, the Hewlett Family, and.....

FORT LAUDERDALE, FL - Franklin Street has arranged the acquisition of a 22-unit luxury apartment community in northwest Fort Lauderdale for $7 million, or approximately $318,181 per unit. The Class A property, at 3050 NW 68th St., was completed in 2020 and completed full lease up in early 2021. The property is currently 100% occupied with an average rent of $1,890 per month. Franklin Street’s Dan Dratch and Greg Matus, with the firm’s South Florida Multifamily Investment Sales...

Must reads from around the commercial real estate industry for October 1, 2021.