Berger Commercial Realty’s Joe Byrnes, Jake Michels Rep Buyer In Off-Market Fort Lauderdale Multifamily Purchase

Berger Commercial Realty  /   December 5, 2024

Berger Commercial Realty/CORFAC International is pleased to announce the successful off-market sale of a 5,800-square-foot multifamily building located at 701 SE 22nd Street in Fort Lauderdale.

The property, a generationally owned property that has been in the family since the 1980s which features eight units (four 1-bedroom and four 2-bedroom apartments), was sold for $2,100,000 to JLK MGT LLC by OLAM FTL 1, LLC.

The deal closed November 5.

The transaction was facilitated by Berger Commercial Realty Sales Associate Jake Michels and Senior Vice President Joseph P. Byrnes, who represented the buyer in this significant purchase. This sale continues to showcase the strong demand for multifamily properties in the Fort Lauderdale area, particularly those with long-term tenants, which this property features.

“This transaction not only reflects the vibrant real estate market in Fort Lauderdale but also underscores the value of generationally owned properties,” said Michels. “We are excited to see JLK MGT LLC take ownership of this asset and continue its commitment to the community.”

Notably, this marks the second successful transaction on SE 22nd Street for Michels and Byrnes, having previously represented the buyer in acquiring the adjacent property at 705 SE 22nd Street.

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