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415 Southeast 3rd Avenue

Diana Wolfson Acquires Multifamily Property At 415 Southeast 3rd Avenue For $2.895M
SOLDMultiFamily

Diana Wolfson Acquires Multifamily Property At 415 Southeast 3rd Avenue For $2.895M

415 Southeast 3rd Avenue

$2,895,000

$441/SF

Building Size

6,565 SF

Asset Type

MultiFamily

Closing

Feb 5, 2026

AI

The property involved in the transaction is a multifamily asset located at 415 Southeast 3rd Avenue, Hallandale Beach. The sale price was $2,895,000 for a total of 10 units. The building encompasses a square footage of 6,565, resulting in a price per unit of $289,500 and a price per square foot of $440.

Summary of transaction details:

  • Property Type: Multifamily
  • Transaction Amount: $2,895,000
  • Address: 415 Southeast 3rd Avenue
  • Market: Hallandale Beach
  • Units: 10
  • Price Per Unit: $289,500
  • Square Footage: 6,565
  • Price Per Square Foot: $440
  • Buyer: Diana Wolfson
  • Seller: Robert Lechter
  • Brokers: Evan Kristol, Austin M. Michels & Brandon Rex - Marcus & Millichap

The transaction was handled by brokers Evan Kristol, Austin M. Michels, and Brandon Rex from Marcus & Millichap, representing the buyer and seller in the deal. Their role was essential in facilitating the agreement between Diana Wolfson and Robert Lechter.

Players

Evan Kristol

Marcus & Millichap

Broker

$416.7M

vol

60 deals

Broker
Austin M. Michels
Verified Badge

Austin M. Michels

Marcus & Millichap

Broker

$142.1M

vol

32 deals

Broker

Hallandale Beach MultiFamily Market Snapshot

Boundary boundary · MultiFamily · Sale transactions

Loading comparables…

Purchase Price

Annual NOI

Loan Amount

Interest Rate (%)

Loan Term (yrs)

Down Payment (%)

Cap Rate

5.48%

Cash-on-Cash

-1.57%

Monthly Payment

$14,164

Annual Debt Svc

$169,964

Annual Cash Flow

$-11,334

DSCR

0.93