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601 Federal Highway, Pompan...

Updated Oct 13, 2026

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

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

601 Federal Highway, Pompano Beach, Florida 33308, United States

$145,500,000

Units

327

Asset Type

MultiFamily

Closing

Feb 23, 2022

About this deal

AI

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.

On the Map

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$145,500,000

MultiFamily

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Players

Alvin Benjamin

Benjamin Partners

Buyer

$145.5M

vol

1 deal

Buyer
Fairfield Residential
Fairfield ResidentialBuyer
New York Life
New York LifeLender
Bilt advertisement

Pompano Beach MultiFamily Market Snapshot

Boundary boundary · MultiFamily · Sale transactions

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Deal FAQ

About $445K per unit across 327 units on a published $145.5M (2022).

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Purchase Price

Annual NOI

Loan Amount

Interest Rate (%)

Loan Term (yrs)

Down Payment (%)

Cap Rate

0.11%

Cash-on-Cash

-0.03%

Monthly Payment

$14,164

Annual Debt Svc

$169,964

Annual Cash Flow

$-11,334

DSCR

0.93

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