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900 Southeast 1st Street

POM HAUS LLC Acquires 41-Unit Multifamily Property In Pompano Beach For $6.5M With InterAmerican Bank Financing
SOLDMultiFamily

POM HAUS LLC Acquires 41-Unit Multifamily Property In Pompano Beach For $6.5M With InterAmerican Bank Financing

900 Southeast 1st Street & 902 Southeast 1st Street

$6,500,000

$188/SF

Building Size

34,436 SF

Asset Type

MultiFamily

Closing

Jul 1, 2026

AI

A 41-unit multifamily property located at 900-902 Southeast 1st Street in Pompano Beach, FL, was sold for $6.5 million. The property encompasses 1.01 acres and offers a total of 17,218 square feet, resulting in a price per unit of $158,537 and a price per square foot of $378.

Summary of transaction details:

The transaction was facilitated by Joseph Thomas of Marcus & Millichap, representing the sale. Financing for the acquisition included a loan component of $4.225 million from InterAmerican Bank.

Players

Joseph Thomas

Marcus & Millichap

Broker

$379.4M

vol

54 deals

Broker
RM
Rental Asset ManagementSeller

Pompano Beach MultiFamily Market Snapshot

Boundary boundary · MultiFamily · Sale transactions

Loading comparables…

Purchase Price

Annual NOI

Loan Amount

Interest Rate (%)

Loan Term (yrs)

Down Payment (%)

Cap Rate

2.44%

Cash-on-Cash

-0.70%

Monthly Payment

$14,164

Annual Debt Svc

$169,964

Annual Cash Flow

$-11,334

DSCR

0.93