Franklin Street Brokers Facilitate $5.25M Sale Of 30-Unit Multifamily Property In Pompano Beach

A multifamily property located at 1751 Northeast 31st Street in Pompano Beach has been sold for $5,250,000. The property features 30 units with an average price per unit of $175,000. The total square footage of the property is 16,700, resulting in a price per square foot of $314.

Summary of transation details

• Property Type: MultiFamily
• Transaction Amount: $5,250,000
• Address: 1751 Northeast 31st Street, Pompano Beach
• Market: Pompano Beach
• Units: 30
• Price per Unit: $175,000
• Square Footage: 16,700
• Price per Square Foot: $314

The buyer of the property is Mark Mittal, and the seller is Philip Miller. The deal was facilitated by brokers Dan Dratch, Ryan Wold, and Greg Matus from Franklin Street.