Benjamin Group Acquires 327-Unit Multifamily In Pompano Beach For $145.5M

The multifamily property located at 601 N Federal Hwy in Pompano Beach has been sold for a total of $145,500,000. The transaction took place on 02/24/2022. The property consists of 327 units, resulting in a price per unit (PPU) of $444,954. The seller of the property was Fairfield Residential, while the buyer was Benjamin Group represented by Alvin Benjamin. The lender involved in the transaction was New York Life Insurance Co.

Summary of transaction details

• Property Type: Multifamily
• Transaction Amount: $145,500,000
• Units: 327
• Price per Unit (PPU): $444,954
• Buyer: Benjamin Group - Alvin Benjamin
• Seller: Fairfield Residential
• Lender: New York Life Insurance Co.

Alvin Benjamin, representing Benjamin Group, played a key role as the buyer in this transaction. Fairfield Residential acted as the seller of the property. The lender involved in the deal was New York Life Insurance Co., providing financial support for the transaction.