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Fort Lauderdale, Florida, Apartment Sale Shows Softening Market

Tourist City Hit Hard by Unemployment During Pandemic
The 218-unit Aviah Flagler Village is 95% leased and is just outside of downtown Fort Lauderdale, Florida. (CoStar)
The 218-unit Aviah Flagler Village is 95% leased and is just outside of downtown Fort Lauderdale, Florida. (CoStar)
By John Doherty
CoStar News
September 8, 2020 | 10:27 P.M.

A local investor just bought a Fort Lauderdale, Florida, apartment complex for $67.5 million, reflecting a strong-but-softening rental market during the coronavirus pandemic. The property, a 218-unit, seven-story asset at 440 NE Fourth Ave., is in the city’s Flagler Heights neighborhood.

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