Franklin Street Arranges $7 Million Acquisition of New Construction Luxury Apartment Community in Fort Lauderdale, Florida

FORT LAUDERDALE, FL - Franklin Street has arranged the acquisition of a 22-unit luxury apartment community in northwest Fort Lauderdale for $7 million, or approximately $318,181 per unit. The Class A property, at 3050 NW 68th St., was completed in 2020 and completed full lease up in early 2021. The property is currently 100% occupied with an average rent of $1,890 per month.
Franklin Street’s Dan Dratch and Greg Matus, with the firm’s South Florida Multifamily Investment Sales...

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