Sara Dorfman |
FORT LAUDERDALE, FL, June 26, 2024 – Native Realty, the pioneering Fort Lauderdale-based real estate firm led by Jaime Sturgis, completed another creative transaction in the city’s Flagler Village neighborhood. Sturgis and Native Associate Sara Dorfman closed the property sale on behalf of the seller after just 21 days on the market.
At $754
per building square foot and $126 per land square foot, the sale was a
tremendous outcome for Native’s client. The total sale price for the 500 NE
First Ave. property was $800,000.
One of
Fort Lauderdale’s original homes, built in 1935, is currently located on the
property. The buyers plan to develop a boutique apartment building on a portion
of the site.
Dorsky Yue
International Architecture, the architect of the planned 500 Art Lofts
development in downtown Fort Lauderdale, has been engaged to design the project.
Bryan Perez |
“Closing a deal like this in just three weeks requires extraordinary local market knowledge and relationships,” Sturgis said. “The price per square foot is about as high as you will see in Flagler Village.
"We
successfully communicated the unique appeal, character and development potential
of the property to achieve this pricing.”
Bryan
Perez of Weichert Realtors represented the buyers in the
transaction.
CONTACT
Eric Kalis
Senior Vice President
C 305-794-5123
O 954-370-8999
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