Fausto Commercial, a South Florida-based urban commercial real estate brokerage, investment and development firm, announced the successful closing of a 28‑unit multifamily property located at 1350 NE 5th Terrace in Fort Lauderdale for $6.3 million.
The transaction was brokered by Elior Levi of Fausto Commercial Realty Consultants. Kathleen Callon acquired the property from seller Andrew Shader.
The asset traded at $225,000 per unit and $305 per square foot, reflecting continued investor demand for stabilized multifamily properties in Fort Lauderdale’s urban core.
“Fort Lauderdale remains attractive for multifamily investment and this sale shows that buyer confidence remains high,” said Levi.
About Fausto Commercial
Fausto Commercial is a South Florida-based urban commercial real estate brokerage, investment and development firm founded in 2012. To date, the firm has completed more than $4.8 billion in commercial real estate transactions across South Florida, establishing itself as a leader in the region’s highly competitive market. To learn more, visit www.faustocommercial.com.