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
Hallandale Beach MultiFamily Market Snapshot
Boundary boundary · MultiFamily · Sale transactions
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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