Berger Commercial Realty/Corfac International Senior Vice President Stephen Hyatt represented the seller, The Byrd Family, in the $1,200,000 sale of .29 acres located at 418 NE 2nd Avenue in Fort Lauderdale, Florida.
418 NE2 AVE LLC closed on the purchase on October 1. The buyer was represented by Joey Biafore of Exclusive Premier Realty .
The property is located in the heart of the fast-growing Flagler Village area. The buyer’s plans include a multifamily development on the site. Once an industrial warehouse district, edgy Flagler Village is now home to dozens of trendy restaurants, bars, shops, galleries, and numerous newly developed apartments, many within the FATVillage Arts District.
“The Byrd Family has owned the property for over 40 years,” Hyatt said. “With the rapid growth and popularity of the Flagler Village area, it was the perfect time to sell while presenting an incredible opportunity for the buyer.”
About Berger Commercial Realty/CORFAC International: Berger Commercial Realty/CORFAC International is a regional, full service commercial real estate firm based in South Florida. Independent and privately owned since its founding in 1998, the firm is a member of CORFAC International, a global network of independently owned commercial real estate brokerage firms. The firm’s property management and brokerage services include tenant/landlord and buyer/seller representation; project and construction management; receiverships; agency/project leasing; capital advisory/investment sales; retail services and more. For more information about Berger Commercial Realty’s brokerage services, CALL 954.358.0900 or visit www.bergercommercial.com.
About CORFAC International: CORFAC International is a global network comprised of privately held entrepreneurial commercial real estate firms with expertise in office, industrial and retail brokerage, tenant and landlord representation, investment sales, multifamily, self-storage, acquisitions and dispositions, property management and corporate services. Founded in 1989, CORFAC has 75 offices in the U.S., Canada and international markets, including Australia, France, Germany, Ireland, Italy, Japan, Malaysia, Netherlands, Romania, Russia, Singapore, South Korea, Switzerland, Thailand and United Kingdom. CORFAC offices close an average of 10,000 lease and sales transactions valued in excess of $9.0 billion annually, totaling 500 million square feet closed and 65 million square feet managed worldwide.