facebook
Traded Co logo
Submit a Deal
3151 Federal Highway
SOLD

AMAC & ROVR Development Acquire Pompano Beach Development Site For $13.5M

3151 Federal Highway

Development Site
clock iconSold 32 days ago
the dealplayerscompscontact
share iconContact now

Summary

Sale
FLORIDA
Development Site

The development site located at 3151 North Federal Highway in Pompano Beach has been sold for $13.5 million. The 6.2-acre property is set for the construction of 285 apartments, as part of a joint acquisition by Maurice Kaufman of AMAC and Oscar Rodriguez & Ricardo Vadia of ROVR Development from Art Falcone of Falcone Group.

Summary of transaction details:

  • Property Type: Development Site
  • Transaction Amount: $13,500,000
  • Buyer: Maurice Kaufman - AMAC; Oscar Rodriguez & Ricardo Vadia - ROVR Development
  • Seller: Art Falcone - Falcone Group
  • Market: Pompano Beach
  • Asset Type: Development Site
  • Acres: 6.2

New York-based AMAC and Miami-based ROVR have collaborated on the acquisition of the Pompano Beach property, showcasing their dedication to quality multifamily projects in South Florida. The 285-apartment development signifies a strategic investment by the buyers in the flourishing real estate market of the region.

Details

Deal Summary
minus icon
SOLD
IMAGE: Maurice Kaufman, Oscar Rodriguez, Ricardo Vadia & Art Falcone DATE: 06/11/2024 ADDRESS: 3151 North Federal Highway MARKET: Pompano Beach ASSET TYPE: Development Site ~ ACRES: 6.2 BUYER: Maurice Kaufman - AMAC; Oscar Rodriguez & Ricardo Vadia - ROVR Development (@ROVRDevelopment) SELLER: Art Falcone - Falcone Group SALE PRICE: $13,500,000 NOTE: New York-based AMAC and Miami-based ROVR have jointly acquired a Pompano Beach apartment development site for $13.5 million from Sentosa Pompano LLC, an affiliate of the Falcone Group. The 6.2-acre property, with development plans for 285 apartments, marks the duo's continued commitment to quality multifamily projects in South Florida.

View on map

Loading...

Address3151 Federal Highway

Comparables

No listingsThis user does not have deals with the selected filters yet.
Reset filters to show results.