Native Realty Represents Both Sides In Sale Of Flagler Village Multifamily Portfolio With Major Development Upside

Native Realty brokered the successful sale of a three-property multifamily portfolio located in the heart of Fort Lauderdale’s Flagler Village – an area Native is credited with widely transforming into one of South Florida’s most dynamic urban neighborhoods.

The transaction closed on June 18.

The portfolio, which totals 42 residential units across 610 and 622 NE First Ave. and 629 NE Second Ave., traded for a combined $8.87 million (equating to $211,190 per unit). Native Realty CEO Jaime Sturgis represented seller Cooper Properties, while Native Vice President Adam Docktor represented buyer Midas Equities LLC. The dual representation shows Native’s deep relationships throughout the Fort Lauderdale investment market.

A key draw for the buyer is the portfolio’s RAC-UV (Regional Activity Center – Urban Village) zoning designation. This classification enables significant future development potential, allowing for higher-density, mixed-use projects that align with Flagler Village’s continued evolution as an urban destination.

Native has been a central force in Flagler Village’s placemaking for more than a decade. The firm brokered numerous landmark transactions in the neighborhood and has been instrumental in attracting the restaurants, retailers, creative businesses and development activity that put Flagler Village on the radar of investors across South Florida and beyond. That track record of community investment and market expertise positioned Native as the natural choice to represent both principals in a transaction of this scale.

“Flagler Village is a neighborhood we have worked hard, alongside the community, to help shape it into what it is today,” Sturgis said. “This transaction is a direct reflection of that work. When a well-positioned portfolio like this comes to market in a neighborhood with this kind of momentum and zoning flexibility, it attracts serious capital.”

These transactions build on a banner year for Native. In 2025, the firm generated approximately $350 million in transaction volume and surpassed $1 billion in overall closed volume since its inception. Based on its current pipeline and market activity, Native is projected to reach $1 billion in annual transaction volume within the next two years.

To support its continued growth, Native is actively interviewing senior commercial real estate brokers to meet rising demand from its expanding client base. The firm is seeking hungry, self-motivated, top-producing brokers whose passion and work ethic align with Native’s collaborative, high-performance culture.