Ralph Brown Purchases Multifamily Property From Tal Levinson And Eric Malinasky For $1.2M
475 North Ocean Drive
$1,200,000
$530/SF
Building Size
2,262 SF
Asset Type
MultiFamily
Closing
Jan 4, 2026
AI
The property asset involved in this transaction is a multifamily unit located at 475 North Ocean Drive, Deerfield Beach. The sale price for the property was $1,200,000, comprising 2 units with a price per unit of $600,000. The total square footage of the asset is 2,262, resulting in a price per square foot of $530.
Summary of transaction details:
- Property Type: Multifamily
- Transaction Amount: $1,200,000
- Buyer: Ralph Brown
- Seller: Tal Levinson, Eric Malinasky - Home Venture Investments
- Units: 2
- Price Per Unit: $600,000
- Square Footage: 2,262
- Price Per Square Foot: $530
Tal Levinson and Eric Malinasky, representing Home Venture Investments, facilitated the sale of the property. Home Venture Investments also welcomes the opportunity for collaboration and joint ventures on various real estate transactions and encourages private messages for potential deals or listings to review.
Players
Pompano 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
13.22%
Cash-on-Cash
-3.78%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93