The Park at Pottsburg Creek apartments sold for $11.37 million

A Texas company bought the 61-year-old property in Empire Point.


  • By Dan Macdonald
  • | 3:19 p.m. February 13, 2024
  • | 4 Free Articles Remaining!
The Park at Pottsburg Creek apartments at 4800 Atlantic Blvd.
The Park at Pottsburg Creek apartments at 4800 Atlantic Blvd.
  • Real Estate
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The 128-unit Park at Pottsburg Creek apartments at 4800 Atlantic Blvd. sold Jan. 22 for $11.37 million.

The community near the Empire Point neighborhood is bordered by Atlantic Boulevard to the north, Jork Road to the east and Valencia Drive to the west.

The buyer is Red Raider 45 LLC of Prosper, Texas.

Toro Real Estate Partners of Jericho, New York, sold the property through Toro Jax Property II LLC.

Built in 1963, the 10-building community sits on 8.32 acres. The per-unit price is $88,828.

The apartments were previously sold by Nanotina LLC of Miami for $7.454 million in March 2019.

The one- and two-bedroom units with one or one-and-a-half baths are 650 to 850 square feet. Rents are $900 to $1,150 per month, according to apartments.com.

The community features a pool, laundry facilities, pet park and a playground. Units come with a patio or balcony. They are near public transportation. 

Management and maintenance are on-site. 

 

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