John Farina & Dustin Salzano Of U.S. Construction Sell Oceanfront Penthouse In Pompano Beach For $5.495M
305 Briny Avenue
$5,495,000
Units
40
Asset Type
Condo
Closing
Jun 23, 2026
About this deal
AI
The property involved in the transaction is a three-bedroom oceanfront condo located at 305 Briny Avenue, Pompano Beach, FL. This unit is part of the newly completed Salato Pompano Beach condominium, which consists of 40 luxury residences. The sale price for the condo reached $5,495,000, representing the highest-priced sale in the project to date.
Summary of transaction details:
- Property Type: Condo
- Transaction Amount: $5,495,000
- Seller: John Farina & Dustin Salzano - U.S. Construction
- Broker: The Tinka Ellington Group at Compass
- Property Address: 305 Briny Avenue, Pompano Beach, FL
- Market: Pompano Beach, FL
U.S. Development was involved in the transaction, indicating the importance of this sale in the context of the overall project. The undisclosed buyer is now among a limited number of units remaining for sale in the development.
On the Map
$5,495,000
Condo
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Purchase Price
Annual NOI
Loan Amount
Interest Rate (%)
Loan Term (yrs)
Down Payment (%)
Cap Rate
2.89%
Cash-on-Cash
-0.83%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93