Opportunity To Acquire A 296-Unit Value-Add, Garden-Style Property in Fort Lauderdale

Quick Stats

296

Units

1974

Year Built

$1,882

Average Rents

26%

Unrenovated Units

$231

Renovation Premium

825

Avg Unit SF

Executive Summary

The Offering

Berkadia Real Estate Advisors is pleased to exclusively present The Village at Eastpointe (the “Property”), a 296-unit garden-style multifamily community located at 5201 N. Dixie Highway in Fort Lauderdale, Florida.

Current ownership has established a clear, repeatable interior value-add program, having fully upgraded 219 units to date. Approximately 26% of the homes remain to be renovated, with the upgraded units achieving proven rent premiums of $230+ per month, as evidenced in the rent roll. In addition, ownership completed comprehensive exterior upgrades in 2023, including renovations to the clubhouse, fitness center, pool, and leasing office.

Ideally positioned just east of I-95, The Village at Eastpointe offers exceptional connectivity to key employment hubs, including the Cypress Creek Business District, Oakland Park’s Central Business District, and Downtown Fort Lauderdale, delivering urban-like access and convenience while maintaining a suburban living experience. The Property is directly adjacent to a Publix-anchored retail center and benefits from a unique mix of nearby office and retail not typically found in suburban submarkets, and it is located just eight minutes from the beach.

The Village at Eastpointe represents a rare opportunity to acquire a suburban value-add asset in a long-term, highly desirable infill location, offered at a discount to replacement cost with both embedded renovation upside and durable demand drivers.

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Investment
Highlights

Contact Us

Offices & Contact Information

Miami
1111 Brickell Ave
Suite 1650
Miami, FL 33131

Boca Raton
5100 Town Center Circle
Suite 550
Boca Raton, FL 33486

Investment Sales

Jaret Turkell
Senior Managing Director
561.573.6140
[email protected]

Omar Morales
Senior Director
305.878.2278
[email protected]

Yoav Yuhjtman
Senior Director
786.853.5555
[email protected]

Jonah Irvin
Financial Analyst
813.765.3253
[email protected]

Mortgage Bankers

Mitch Sinberg
Senior Managing Director
561.609.4006
[email protected]

Brad Williamson
Managing Director
786.646.2580
[email protected]

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Berkadia®, a joint venture of Berkshire Hathaway and Jefferies Financial Group, is an industry leading commercial real estate company providing comprehensive capital solutions and investment sales advisory and research services for multifamily and commercial properties. Berkadia® is amongst the largest, highest rated and most respected primary, master and special servicers in the industry. This advertisement is not intended to solicit commercial mortgage company business in Nevada.  

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