Commercial Real Estate, Capital, Insurance, Leasing & Management

Franklin Street Brokers $8.2M Sale of Three Apartment Communities

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MIAMI, HIALEAH AND HOLLYWOOD, FLA. — Franklin Street Real Estate Services has brokered the sale of 102 multifamily units in South Florida for approximately $8.3 million.

MIAMI, HIALEAH AND HOLLYWOOD, FLA. — Franklin Street Real Estate Services has brokered the sale of 102 multifamily units in South Florida for approximately $8.3 million. The units are located in three different communities: Jaclyn Apartments in Hialeah, Garden View in Miami and a 10-unit apartment community in Hollywood. A Panamanian investor purchased the Jaclyn Apartments from Jaclyn LRP for approximately $6 million. Fly Away 2012 LLC, based in Buenos Aires, Argentina, purchased 20 condominium units in the 68-unit Garden View property from Unique Yidios LLC for approximately $1 million. Van Buren Holdings Inc., which was backed by a foreign investor, purchased the Hollywood apartment community located at 343 Van Buren St. from 720 Property LLC for approximately $1.2 million. Deme Mekras, Elliot Shainberg and David Reinke of Franklin Street Real Estate Services represented the sellers in all three transactions, as well as Fly Away 2012 LLC in the Miami transaction. Download PDF 

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