Multifamily - Sale

Northmarq’s South Florida Investment Sales Team completes $18 million sale of the 5 Park multifamily development site in North Miami Beach, Florida

FORT LAUDERDALE, FLORIDA (March 28, 2022) – Chris Conklin of Northmarq’s Fort Lauderdale-based investment sales team, arranged the $18,000,000 sale of the 2.9-acre, 5 Park multifamily development site in North Miami Beach, Florida. The land assemblage—located on a triangular plot of land at 16955 – 17071 West Dixie Highway, bounded by NE 170th St. to the south and Brightline train tracks to the east—has approvals in place for a 9-story, mixed-use project consisting of 375 apartment units, 17,000 sq. ft. of ground-floor retail space, and 567 parking spaces.

Northmarq is a full-service capital markets resource for commercial real estate investors, offering seamless collaboration with top experts in debt, equity, investment sales and loan servicing. We combine industry-leading capabilities with a flexible structure, enabling our national team of experienced professionals to create innovative solutions for clients. Our solid foundation and entrepreneurial approach have built an annual transaction volume of more than $37 billion and a loan servicing portfolio of nearly $76 billion. Through the 2022 acquisition of Stan Johnson Company and Four Pillars Capital Markets, Northmarq introduces clients to expanded opportunities across all major asset classes.