FORT LAUDERDALE, Fla. – Berger Commercial Realty Corp., a full service commercial real estate firm based in Fort Lauderdale, Fla. and serving clients around the state, announced brokers Steve Hyatt (top right photo) and Reese Stigliano, (bottom left photo) SIOR, represented Yellow Park of Pompano, LLC, in the short sale of a five-building, 60-unit apartment portfolio for $1.35 million to Silver Key, LLC.
"The five buildings sold for about $22,500 per unit," said Stigliano, a principal of the firm. "We negotiated a short sale; the original debt was over $2.9 million. The deal was an all-cash transaction."
The five, two-story buildings were all built between 1967 and 1970, and feature one-bedroom, one-bathroom units. The buildings are located in Pompano Beach at 170 S.W. 8th St.; 180 S.W. 8th St.; 200 S.W. 8th St.; 220 S.W. 8th St.; and 241 S.W. 8th Court.Contact: Marielle Sologuren, Pierson Grant Public Relations, (954) 776-1999, ext. 226
msologuren@piersongrant.com
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