Fort Lauderdale Apartment Tower Sold for $53 Million
Located in Downtown Fort Lauderdale, newly completed Vu New River Apartments has officially been sold for approximately $52.53 million.
The tower sold to ML New River Village III, an affiliate of MetLife Real Estate Investors for $251,339 per unit.
Miami-based New River 3 Ventures began construction of the 18-story, 209-unit project back in 2013 and completed the tower this past January.
The 20,799-square-foot property is located along the New River at 510 SE 5th Ave.
Renting an apartment at the luxurious Vu New River starts around $1,760 per month with included amenities such as a coffee bar, outdoor movie theater, rooftop pool and parking.