Northland’s Lawrence Gottesdiener with the Del Oro and Plantation Meadows residences (Google Maps)
A pair of Plantation condominium complexes with a combined 345 units marketed for a full of $57 million, or $28.5 million each and every.
A company with ties to genuine estate investment decision firm NorthEnd Equities and real estate investors Mordechai Schapira and Labe Twerski acquired the residences. A single of the complexes is the Del Oro at 7001 to 7081 Northwest 16th Avenue. The other is Plantation Meadows at 7201 to 7321 Northwest 16th Road. Both complexes were being created in the 1970s, according to data.
NorthEnd Equities is dependent in Brooklyn and led by Charles Herzka.
The seller of each complexes is a business connected to Northland Expense Corp. of Newton, Massachusetts, in accordance to information. Northland is led by CEO Lawrence Gottesdiener.
The 175-unit, four-story Del Oro marketed for about $163,000 a device. Rents assortment from $1,125 for a one particular-bedroom device to $1,780 for a two-bed room, in accordance to an on the web listing. The condominium advanced also delivers 3-bed room models.
The 170-device, two-tale Plantation Meadows offered for about $168,000 a device.
Northland had paid a overall of $21.6 million for the houses — $6.7 million in 1994 for Del Oro and $14.9 million in 2014 for Plantation Meadows.
In 2017, Northland purchased two sister rental communities in Jupiter for $56 million.
In 2018, Schapira and Twerski paid out $42.6 million for an condominium elaborate in Lauderhill.
Earlier this yr, NorthEnd offered a 40,802-sq.-foot blended use creating in Borough Park in New York for $24.3 million. In 2019, NorthEnd sold a vacant parcel of land in New York at 37-29 31st Street for $13.3 million.