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Financial services

Marcus & Millichap Brokers $6 Million Sale of 21 Apartments Near Fort Lauderdale Beach

Strategic Insights

— 1 min read

A boutique rental community in Fort Lauderdale, Florida, has been sold to private investors for $6 million. The property, known as 21 Apartments, is a unique rental community that could operate as long- or short-term rentals. The property features 21 units, including studios, one-bedroom, and two-bedroom apartments, each fully furnished with bedroom, kitchen, living, and dining room furnishings, televisions, and linens. The complex also offers on-site laundry facilities, outdoor lounge areas, and an on-site management office.

Key Takeaways:

  • The sale of 21 Apartments, a boutique rental community in Fort Lauderdale, Florida, was facilitated by Marcus & Millichap's Executive Managing Director Investments Evan Kristol, along with Felipe Echarte, Brandon Rex, and Austin Michels, who represented the seller and procured the buyer.
  • The property, built in 1953 and renovated over the years, features a mix of studios, one-bedroom, and two-bedroom apartments, with each unit fully furnished for short-term rental operations.
  • The complex offers a range of amenities, including on-site laundry facilities, outdoor lounge areas, and an on-site management office, situated near Hugh Taylor Birch State Park, Galleria Fort Lauderdale, and an array of dining, entertainment, and retail options.
  • The buyer, a private investor, acquired the property for $6 million through Marcus & Millichap's investment sales and financing services.
  • As of December 31, 2024, Marcus & Millichap had 1,712 investment sales and financing professionals in over 80 offices across the United States and Canada.
  • In 2024, the company closed 7,836 transactions with a sales volume of approximately $49.6 billion.

Statistics:

  • Sale price of 21 Apartments: $6 million
  • Number of units in the property: 21
  • Number of bedrooms in each unit: 1-2
  • Number of offices across the United States and Canada: 80
  • Total investment sales and financing professionals: 1,712
  • Transactions closed by Marcus & Millichap in 2024: 7,836
  • Sales volume by Marcus & Millichap in 2024: $49.6 billion

Sources:

  • "Marcus & Millichap Announces $6 Million Sale of 21 Apartments in Fort Lauderdale, Florida." Marcus & Millichap, October 27, 2025.
  • "Marcus & Millichap Announces Record $49.6 Billion Sales Volume in 2024." Marcus & Millichap, February 15, 2025.

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