Updated Dec 2, 2024
Ivanhoé Cambridge Acquires Pompano Beach Multifamily From Greystar For $73.5M
1617 South Federal Highway, Pompano Beach, FL, USA
$73,500,000
$401/SF
Building Size
183,161 SF
Asset Type
MultiFamily
Closing
Nov 11, 2021
About this deal
AI
An multifamily property located at 1617 S. Federal Highway in Pompano Beach has been sold for a total price of $73,500,000. The property consists of 225 units, with an average price per unit of $326,667.
Summary of transaction details:
- Property Type: Multifamily
- Transaction Amount: $73,500,000
- Units: 225
- Price Per Unit: $326,667
Ivanhoé Cambridge has acquired the property from Greystar, with Bob Faith representing the seller. This transaction marks a significant deal in the Pompano Beach market.
The multifamily sale at 1617 South Federal Highway, Pompano Beach, FL, USA in Pompano Beach, Florida sold for $73.5M in 2021. Reported inventory is 183,161 square feet across 225 units, or about 401 per square foot. Named participants on the 1617 South Federal Highway, Pompano Beach, FL, USA sale are Bob Faith. This page is the Pompano Beach, Florida file for the 1617 South Federal Highway, Pompano Beach, FL, USA multifamily sold: pricing, party profiles, and other closed multifamily comps from the same Pompano Beach sit in the Market section below. Filter that Pompano Beach multifamily set by closing date to see what else sold near 1617 South Federal Highway, Pompano Beach, FL, USA around 2021. Published consideration for 1617 South Federal Highway, Pompano Beach, FL, USA is $73.5M, dated 2021. Cite this Ivanhoé Cambridge Acquires Pompano Beach Multifamily From Greystar For $73.5M sale when underwriting similar multifamily product around Pompano Beach, Florida.
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Pompano Beach MultiFamily Market Snapshot
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Purchase Price
Annual NOI
Loan Amount
Interest Rate (%)
Loan Term (yrs)
Down Payment (%)
Cap Rate
0.22%
Cash-on-Cash
-0.06%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93