The Real Deal Miami

Apartment complex sells in Pompano

May 10, 2012 09:00AM

The 60-unit Yellow Park Portfolio apartment complex in Pompano Beach has sold for $2.07 million, according to Marcus & Millichap, which brokered the sale on behalf of the seller, a Latin American partnership. Marcus & Millichap’s Derek Gibbs, Daniel Cunningham and Tal Frydman had the exclusive listing on the property. “This was a real estate transaction with many moving parts and unique challenges,” Gibbs said. The buyers, who are based in South Florida, intend to undertake a renovation of the property and make the one building in the portfolio that is vacant operational. Yellow Park includes five non-contiguous, two-story buildings. It is located at 170 SW 8th Street in Pompano Beach. — Alexander Britell