Marcus & Millichap Sells Hollywood Multifamily Property Near Beach

Marcus & Millichap (NYSE: MMI), a leading commercial real estate brokerage firm specializing in investment sales, financing, research and advisory services, announced today the sale of King Arthur Apartments in Hollywood, Florida. The property sold for $3,680,000.

“The King Arthur Apartments transaction is an example of how Marcus & Millichap’s unique platform helps move capital around the country to obtain above market pricing for owners in South Florida,” said Felipe Echarte, senior vice president investments.

Echarte, Evan Kristol, and Austin Michels, investment specialists in Marcus & Millichap’s Fort Lauderdale office, had the exclusive listing to market the property on behalf of the seller and procured the buyer, both private investors.

King Arthur Apartments is located at 1607 Arthur St., situated east of US-1 and between Hollywood Boulevard and Sheridan Street. Spanning 12,802 square feet, the property is comprised of 18 units, including a unit mix of two studios and 16 one-bedroom units. The property is only five minutes to the beach, less than 10 minutes to Fort Lauderdale-Hollywood International Airport, and four minutes to Hollywood Circle. 

About Marcus & Millichap, Inc. (NYSE: MMI)

Marcus & Millichap, Inc. is a leading brokerage firm specializing in commercial real estate investment sales, financing, research and advisory services with offices throughout the United States and Canada. As of December 31, 2022, the company had 1,904 investment sales and financing professionals in 81 offices who provide investment brokerage and financing services to sellers and buyers of commercial real estate. The company also offers market research, consulting and advisory services to clients. Marcus & Millichap closed 12,272 transactions in 2022, with a sales volume of approximately $86.3 billion. For additional information, please visit