Arvind Reddy Acquires Multifamily Property In Pompano Beach For $26.3M

Located at 460 E McNab Rd in Pompano Beach, this multifamily property was recently sold in a closed transaction. The sale took place on May 19, 2022, and the property consists of 124 units with a total square footage of 105,746. The sale price for this property was $26,288,000, resulting in a per unit price of $212,000 and a price per square foot of $249.

Summary of transaction details:

• Property Type: Multifamily
• Transaction Amount: $26,288,000
• Market: Pompano Beach
• Buyer: Arvind Reddy
• Seller: David Daniel and Yeschak Isaac Daniel
• Buyer's Representative: Lena Zubkova - Apogee Realty
• Seller's Representative: Moshe Biton - Capital Group Realty

Capital Group Realty and Apogee Realty facilitated this off-market transaction, which allowed the buyer and seller to connect directly and avoid price wars commonly associated with standard transactions. For South Florida commercial property owners interested in exploring off-market opportunities, they can contact Moshe Biton at [email protected] or 954-608-7008, or Lena Zubkova at [email protected] or 786-859-6879.