808 SE 4th St - Apartments FOR SALE


Fort Lauderdale, FL 33301- Beverly Heights
$12,000,000 USD
212-734-0500
808 SE 4th St, Fort Lauderdale, FL for Sale
$12,000,000 USD
Apartments - FOR SALE
1/1
null | Request Cap Rate

808 SE 4th St
Fort Lauderdale, FL 33301
Beverly Heights


HIGHLIGHTS

  • Fully approved for 67 residential units across 12 stories
  • Prime waterfront location with 101 feet of river frontage
  • Dual access and visibility from SE 4th Street and New River
  • Steps from Las Olas Boulevard’s retail and dining corridor

OVERVIEW

Introducing New River 808, a rare and fully approved waterfront development opportunity in the heart of Downtown Fort Lauderdale. This 0.58-acre site offers direct frontage along the scenic New River and SE 4th Street, delivering unmatched visibility and access to both urban conveniences and waterfront lifestyle amenities. Zoned RAC-EMU, the property is entitled for a striking 12-story residential tower comprising 67 luxury units with a planned net residential area of 78,160 SF. Strategically positioned near Las Olas Boulevard, the site benefits from proximity to Fort Lauderdale’s vibrant dining, retail, and cultural destinations, as well as major employment hubs. Its location within a Residential Transition Zone ensures compatibility with surrounding neighborhoods while supporting high-density development. With dual frontage—101 feet along the river and 100 feet on SE 4th Street—the property offers exceptional design flexibility and branding potential. Current improvements include a 33-unit rental building generating $518,355 in annual gross income and a 2024 NOI of $149,132, providing interim cash flow while development plans advance. The RAC-EMU zoning allows for a maximum height of 147.5 feet and podium construction up to seven floors, creating an ideal canvas for a luxury residential tower that capitalizes on Fort Lauderdale’s surging demand for waterfront living. This is a premier investment opportunity for developers seeking to deliver a landmark project in one of South Florida’s most dynamic markets. Contact Roberts Equities for details.

FOR SALE DETAILS

PRICE

$12,000,000 USD

PRICE/SF

$485 USD /SF

# OF UNITS

33

PRICE/UNIT

$363,636

CAP RATE

Request Cap Rate

% LEASED

-

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY NAME

New River Redevelopment

PROPERTY TYPE

Multi-Family

APARTMENT STYLE

Low-Rise

PROPERTY SUBTYPE

Apartments

TOTAL BUILDING SIZE

-

STORIES

2

YEAR BUILT

1953

PARKING SPACES

135

LAND DETAILS

LAND ACRES

0.57 AC

LAND SF

24,729 SF

ZONING

RAC-EMU

APN/PARCEL ID

50-42-11-01-0470

ASK ABOUT THIS PROPERTY

Chris GiacaloneRoberts Equities, LLCMore Info
212-734-0500

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Chris GiacaloneRoberts Equities, LLCMore Info
212-734-0500

By clicking the button, you agree to Showcase's Terms of Use and Privacy Notice.