BlackRock Sells Fort Lauderdale Multifamily for $58.25M

New York-based BlackRock, Inc. sold 4 Forty Flagler Village in Fort Lauderdale, FL to AMLI Residential Properties, based in Chicago, IL, for $ $ 58.25 million, or approximately $ 267,200 per unit.

The 218-unit, 250,000-square-foot apartment building at 440 NE 5th Street, was built in 2009 in the Downtown Fort Lauderdale submarket. The property also includes seven retail units. The apartment units were approximately 96 percent occupied at the time…
South Florida Commercial Real Estate News From CoStar Group