The Real Deal Miami

N. Miami multi-family portfolio lists for $15.5M

November 07, 2012 09:00AM

Royal Properties

A multi-family portfolio in North Miami has been listed for $15.5 million, according to Marcus & Millichap, which has the exclusive listing on the Royal Properties. The 233-unit portfolio, which consists of five properties near 137th street in North Miami, is listed for an average of $66,524 per unit. Still Hunter III, a senior vice president for investments in the firm’s Fort Lauderdale office, is leading the marketing efforts for the seller. The properties total 159,982 rentable square feet, or an average of $97 per square foot. – Alexander Britell