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Broward Apartment Complex Sold for 187% Gain After Five Years

The transaction shows the gain in multifamily values in the area.

The Greenview Apartments in Tamarac sold for $12.35 million, a 187 percent gain after five years. Greenview Tamarac, managed by Moishe Y. Mendlowitz in Lakewood, New Jersey, sold the 129 apartments at 10000-10163 Nob Hill Circle to Nob Hill Circle LLC, managed by Felice Mehaber in Hollywood. She is the VP of Coastline Management Group. Miami-based Pacific National Bank provided a $9.63 million mortgage to the buyer. The price equated to $95,736 a unit.

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