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Stephen L. Vecchitto, David Vecchitto, David Quintero & Matt Zaverucha Acquire Multifamily Asset In Pompano Beach For $60.9M

Property Image
SOLD
$60,900,000
Kaya Robert Suarez

Florida

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MultiFamily220,863 SF
Sold 11/17/2025
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Property Image
SOLD

Stephen L. Vecchitto, David Vecchitto, David Quintero & Matt Zaverucha Acquire Multifamily Asset In Pompano Beach For $60.9M

4611 Federal Highway

See Similar Deals
MultiFamily220,863 SF
Sold 11/17/2025
Kaya Robert Suarez
Contact now

Summary

FLORIDA
Asset Type:MultiFamily
Price Per Square Foot:$275
Total Square Footage:220,863 SF
Transaction Type:Sale

The multifamily property located at 4611 Federal Highway in Pompano Beach has a sale price of $60,900,000. The asset encompasses 249 units and has a total square footage of 220,863, resulting in a price per unit of $244,578 and a price per square foot of $275.

Summary of transaction details:

  • Property Type: Multifamily
  • Transaction Amount: $60,900,000
  • Units: 249
  • Square Footage: 220,863
  • Price Per Unit: $244,578
  • Price Per Square Foot: $275
  • Buyer: Stephen L. Vecchitto, David Vecchitto, David Quintero & Matt Zaverucha - Advenir Azora
  • Seller: Bell Partners
  • Brokers: Still Hunter & Kaya Robert Suarez - Walker & Dunlop

The transaction involved key stakeholders including Stephen L. Vecchitto, David Vecchitto, David Quintero, and Matt Zaverucha, representing Advenir Azora as the buyers. The selling party was represented by Bell Partners. The brokerage services were provided by Still Hunter and Kaya Robert Suarez, both associated with Walker & Dunlop.

Players

Still Hunter
12 deals$1.6B volume
BROKER

Kaya Robert Suarez
Walker & Dunlop
9 deals$1.1B volume
BROKER

Walker & Dunlop
BROKERAGE


Details

SOLD
IMAGE: Matt Zaverucha, Stephen L. Vecchitto, David Vecchitto, David Quintero, Still Hunter & Kaya Robert Suarez DATE: 11/16/2025 ADDRESS: 4611 Federal Highway MARKET: Pompano Beach ASSET TYPE: Multifamily BUYER: Stephen L. Vecchitto, David Vecchitto, David Quintero & Matt Zaverucha - Advenir Azora SELLER: Bell Partners (@BellPartnersInc) BROKERS: Still Hunter & Kaya Robert Suarez (@Kayguy436) - Walker & Dunlop (@WalkerDunlop) SALE PRICE: $60,900,000 UNITS: 249 ~ PPU: $244,578 SF: 220,863 ~ PPSF: $275

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Deal Type
Operating Income
Operating Expenses (Annual)
Net Operating Income (NOI)

$3,247,999.99

Debt Service Coverage Ratio (DSCR)

0.94x

Cap Rate

5.33%

Cash Flow (Annual)-$216,364.84
Cash-on-Cash Return-1.27%
Monthly Debt Service$288,697.07
Annual Debt Service$3,464,364.84