Steven McAdoo Closes 41-unit Multifamily Deal

Steven McAdoo Closes 41-unit Multifamily Deal

Pembroke Park real estate group buys Monroe Manor

By: The Daily Record Staff

A Pembroke Park-based real estate investment firm bought 41 multifamily units comprising 18 single-family, duplex and triplex properties for $2.45 million March 20.

SamChez CM 41 Jacksonville LLC paid $59,756 per unit for the Monroe Manor property south of Ramona Boulevard, between Gillen Street and Ellis Road South, in the Normandy area of West Jacksonville.

The seller, Sunrise-based Monroe Manor LLC managed by real estate investment company Figtree Investments Group, bought the properties in 2015 for $1.4 million, or $34,146 per unit.

Steven McAdoo, associate director of Multifamily Investment Sales at Prime Realty Commercial Real Estate, represented the buyer and seller in the off-market transaction.

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