Franklin Street Arranges $15M Sale of Class A Mixed-Use Multifamily Property in Miami to Cochise Capital

July 12, 2022

The newly constructed East River Living property, which includes ground-floor retail, sold for $600 per square foot MIAMI (July 12, 2022) – Franklin Street has arranged the sale of East River Living, a 34-unit, 25,000-rentable-square-foot multifamily property in Miami for $15 million, equating to $441,176 per unit and $590 per square foot. Completed in 2022,…

Q2-22 National Report: Capital Advisory

July 11, 2022

Over the first half of this year, we have seen a dramatic shift in multifamily capital markets from what we had become accustomed to from 2019 – 2021. This shift can be explained by a variety of factors but our thesis, supported by the data in this report, is that the continual compression of cap…

Yield Pro: Franklin Street arranges $11.5 million sale of 57-unit multifamily property in North Miami

Franklin Street has arranged the sale of Northview Terrace, a 57-unit, 41,400-rentable-square-foot multifamily property in North Miami, Florida, for $11.5 million, or $201,754 per unit. 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 buyer, MVP-57, LLC, and the seller, 1050 NW Havana LLP. Alec Laethem and Evan Seacat with…

Yield Pro: Franklin Street arranges sale, financing and insurance for 30-unit multifamily asset in South Florida

July 7, 2022

Franklin Street has arranged the sale of Jupiter Palms, a 30-unit, 18,872-square-foot multifamily property in Jupiter, Florida, for $5.8 million, or $307.37 per square foot. The property was 100 percent occupied at the time of sale, providing a fully stabilized, turn-key investment in one of South Florida’s most affluent and in-demand rental markets. Franklin Street’s South Florida…

South Florida Business Journal: As South Florida’s rental market cools down, is a correction on the way?

July 6, 2022

It’s no secret that the cost of multifamily housing in South Florida has skyrocketed over the past year, as rents jumped more than 20%. But the days of exorbitant rent hikes are soon coming to an end, industry insiders say. … For owners of existing apartment buildings, it’s rising mortgage rates and insurance premiums that…