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Cresthaven APTS LLC Purchases Multifamily Property In Pompano Beach For $14.3M From Cresthaven Villas LLC

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SOLD
$14,300,000

Florida

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MultiFamily58,147 SF
Sold 05/05/2025
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Property Image
SOLD

Cresthaven APTS LLC Purchases Multifamily Property In Pompano Beach For $14.3M From Cresthaven Villas LLC

2920 Northeast 7th Terrace

See Similar Deals
MultiFamily58,147 SF
Sold 05/05/2025
the dealplayerscompscontact
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Summary

FLORIDA
Asset Type:MultiFamily
Price Per Square Foot:$245
Total Square Footage:58,147 SF
Transaction Type:Sale

A 62-unit multifamily assemblage located at 2920-2961 & 3031-3231 Northeast 7th Avenue in Pompano Beach has been sold for $14,300,000. The asset, which spans 58,147 square feet and occupies 3.54 acres, last changed hands for $14 million in January 2025.

Summary of transaction details:

  • Property Type: Multifamily
  • Transaction Amount: $14,300,000
  • Buyer: Cresthaven APTS LLC
  • Seller: Cresthaven Villas LLC
  • Broker: Dillon Majeski - Marcus & Millichap
  • Lender: Encore Finance
  • Units: 62
  • PPU: $230,645
  • SF: 58,147
  • PPSF: $246
  • Acres: 3.54

Dillon Majeski from Marcus & Millichap represented the buyer, Cresthaven APTS LLC, in the transaction. The deal included $10 million in new debt from Encore Finance.

Players

Dillon Majeski
Marcus & Millichap
Dillon Majeski
27 deals$169.1M volume
BROKER
Encore Finance
Encore Finance
LENDER

Details

SOLD
IMAGE: Dillon Majeski DATE: 05/05/2025 ADDRESS: 2920-2961 & 3031-3231 Northeast 7th Avenue MARKET: Pompano Beach ASSET TYPE: Multifamily ~ ACRES: 3.54 BUYER: Cresthaven APTS LLC SELLER: Cresthaven Villas LLC BROKER: Dillon Majeski (@Dillon.Majeski) - Marcus & Millichap (@MarcusMillichap_FL) LENDER: Encore Finance SALE PRICE: $14,300,000 UNITS: 62 ~ PPU: $230,645 SF: 58,147 ~ PPSF: $246 NOTE: Cresthaven Apts LLC bought a 62-unit, 19-building multifamily assemblage in Pompano Beach for $14.3M from Cresthaven Villas LLC, with $10M in new debt from Encore Finance. The 58,147 SF property spans 3.54 acres and last traded for $14M in January 2025.

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