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Marcus & Millichap Brokers $2M Sale of Bradenton MF Property

Marcus & Millichap has arranged the $2.1 million sale of The Duplexes on 59th, an 18-unit apartment property in Bradenton, FL.

Located at 1103-1118 59th Avenue Circle East, 5924 12th Street East and 5922 12th Street East, the property consists of nine buildings with a unit mix of all three-bedroom, two-bathroom units. The property includes concrete block construction and had extensive renovations in 2020 including new roofs, exterior paint and six fully-upgraded units.

Adam Podbelski, Ned Roberts, Jason Hague and Sam Ferguson of Marcus & Millichap’s Tampa office represented the seller, a limited liability company, in the transaction. The buyer was also a limited liability company.

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Inside The Story

Marcus & Millichap’s Podbelski

About David Cohen

David Cohen is Southeast Editorial Director at Connect Commercial Real Estate. David is a media veteran with more than 10 years of experience in journalism, copywriting and communications across a variety of roles. He is responsible for covering commercial real estate news and trends in the Southeast, Florida, Washington D.C. and Boston at Connect CRE as well as specializing in the Student Housing sector. Prior to joining Connect, David was the editor of Northeast Real Estate Business magazine and Student Housing Business magazine at France Media as well as spending time freelancing for ESPN and the Associated Press in the fast-paced field of live sports event production. He is also an owner and investor in multifamily real estate in Atlanta, GA. David currently resides in Atlanta and graduated from the College of Communication & Information at the University of Tennessee Knoxville.

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