Wednesday, June 6, 2018

Native Realty Completes Record Transaction in Fort Lauderdale’s Victoria Park Neighborhood



Sara Dorman

FORT LAUDERDALE, FL –– Native Realty, the pioneering Fort Lauderdale commercial real estate firm led by Jaime Sturgis, has closed the record-breaking sale of an Airbnb rental property in the city’s popular Victoria Park neighborhood.

The firm’s Sara Dorfman, a multifamily specialist, was the exclusive listing agent for the 4-unit building located at 808-812 NE 16th Terrace. Grandeview LLC sold the property to TransAmerica Group, Inc. The transaction closed on May 23.

Jaime Sturgis
At $1.65 million, the sale price is Victoria Park’s highest since at least 2006, according to Multiple Listing Service data. The $412,500 price per door – or unit – is the most expensive in the history of the neighborhood.

The 4,514-square-foot building includes a single-family residence plus in-law suite, a triplex, swimming pool and 10 off-street parking spaces.

Constructed in 1954, the building recently underwent extensive interior renovations to all of the units. The seller operated the property as an Airbnb rental, and the buyer plans to continue doing so.

“I want to congratulate Sara on setting new standards for a Victoria Park neighborhood that has a rich history as one of Fort Lauderdale’s hidden gems,” Sturgis said. “She has been a tremendous addition to our firm. This transaction is another example of how Native Realty is at the forefront of urban core neighborhoods across all real estate sectors.”
  

 For more information, please call:

Eric Kalis
Account Director, BoardroomPR
Bank of America Plaza | 1776 N Pine Island Road


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