Frankforter Group Acquires Multifamily Property In Pompano Beach For $42.85M

The multifamily property located at 275 N. Federal Highway in Pompano Beach was recently sold for a total of $42,850,000. The transaction took place on 07/20/2021 and involved the sale of 144 units. The sale price per unit was $297,569.

Summary of transaction details

• Property Type: Multifamily
• Transaction Amount: $42,850,000
• Address: 275 N. Federal Highway, Pompano Beach
• Market: Pompano Beach

The buyer of the property was the Frankforter Group, represented by Yaakov Frankforter. On the other hand, the seller was the Meyers Group, represented by Stuart I. Meyers. Lorne Gornitsky from KW Commercial served as the buyer's representative, while Sasha Ezquerra and Santiago Illia from Apartment Lease-Up Experts acted as the seller's representatives.