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Colliers International Florida Tapped to Sell The Cropper, a Multifamily Apartment Community in Hollywood, Florida

Fully leased apartment building located in Class A neighborhood just two blocks from bustling Downtown HollywoodDeal underlines continued interest of South American investors in South Florida

HOLLYWOOD, FL. (Feb. 4, 2020) Colliers International Florida is proud to announce that Associate Broker Brittany Schillinger has been appointed to spearhead the sale of The Cropper, an apartment community in Hollywood Lakes, Florida, along with the team of Executive Managing Director Gerard Yetming and Director Mitash Kripalani. The Cropper is currently listed at $1.7 million.

Located at 1512 Harrison Street, the two buildings sit on a lot size of 10,243 square feet. The apartment building is fully leased and features nine units with a unit mix ranging from studio-, one- and two-bedroom units spanning across two buildings. The main building houses seven units while the second building houses two units on the second floor, with 1,000 square feet available on the first floor for additional income or storage. Built in 1929, the property additionally features renovations that were completed in 2010.

“The Cropper presents an unparalleled opportunity for investors and developers to capitalize on the yields that the area and property have to offer,” said Schillinger. “We’re proud to be leading the sales initiatives especially as the city continues to boast economic appeal that is attracting notable businesses as well as consistent tourism.”

Just two blocks from the vibrant Downtown Hollywood and Young Circle, The Cropper is conveniently situated near the city’s vast array of dining, shopping and entertainment destinations.

Known as the gem of Broward County, Hollywood continues to experience robust growth as a dynamic business hub with more than 10,000 companies located in the city - including Port Everglades, Memorial Regional and Joe DiMaggio Children’s Hospital - and has a population of 151,885. The Cropper presents an opportunity for investors to continue operating the building as apartment rentals or they can also capitalize on the booming tourism sector and economic improvement in the neighborhood with short-term rentals, which is also allowed under the current zoning.

For more information, please contact Brittany Schillinger at 954-647-4633 or e-mail

Brittany.schillinger@colliers.com


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Gerard Yetming

Executive Managing Director, Investment Servs

Miami

Gerard Yetming joined Colliers in 2016. His team focuses on investment sales of all product types in urban South Florida neighborhoods.

A dynamic and dependable commercial real estate broker with over 15 years of commercial experience, he has demonstrated success pioneering new, emerging brokerage practices in complex, non-traditional niches - including condominium conversions in the early 2000s and urban land in the early 2010s.

He has a proven track record for successfully executing capital market transactions, having been involved in more than $8 billion of assignments including some of the largest and most complex transactions in South Florida. His recent focus on urban land assignments has resulted in $1 billion of transactions over the past since 2012.

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