Thursday, December 29, 2016

Marcus & Millichap Arranges $520,000 Sale of Five-Unit Fulford Apartments in North Miami Beach, FL

Felipe J. Echarte
NORTH MIAMI BEACH, FL, Dec. 29, 2016 – Marcus & Millichap (NYSE: MMI), a leading commercial real estate investment services firm with offices throughout the United States and Canada, today announced the sale of 1870 NE 161st Street, a 5-unit apartment property located in North Miami Beach, FL, according to Ryan Nee, regional manager of the firm’s Fort Lauderdale office. The asset sold for $520,000.

Harrison Rein, Associate, Felipe J. Echarte, Vice President Investment, and Evan P. Kristol, Senior Vice President Investment, in Marcus & Millichap’s Fort Lauderdale office, had the exclusive listing to market the property on behalf of the seller, a private investor. 

Fulford Apartments is located at 1870 NE 161st Street in North Miami Beach, FL. It is comprised of four one-bedroom/one-bathroom units and one two-bedroom/two-bathroom unit. The property is located in a rental market that continues to strengthen.  The property is positioned in a central location that should continue to see occupancy and rental rates improve. Additionally, many apartment owners have experienced significant rental growth over the last three years

For a complete copy of the company’s news release, please contact:

 Ryan Nee
Vice President / Regional Manager
Fort Lauderdale, FL

(954) 245-3400

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