The asset involved in this transaction is a multifamily property located at 610 Northwest 7th Avenue in Pompano Beach. The sale, which was completed on March 4, 2026, had a transaction amount of $16,500,000. The property consists of 120 units and has a total square footage of 56,616, resulting in a price per unit of $137,500 and a price per square foot of $291.

Summary of transaction details:

• Property Type: Multifamily
• Transaction Amount: $16,500,000
• Units: 120
• Square Footage: 56,616
• Price per Unit: $137,500
• Price per Square Foot: $291
• Buyer: Meir Cohen
• Seller: Joseph Maiuro
• Brokers: Daniel J. Cunningham, Evan Richardson, River Rhoads, Dillon Majeski & Cory Sanchez - Marcus & Millichap

The transaction was facilitated by a team of brokers from Marcus & Millichap, which included Daniel J. Cunningham, Evan Richardson, River Rhoads, Dillon Majeski, and Cory Sanchez. Daniel J. Cunningham, Senior Managing Director Investments, noted that the off-market sale of Pompano Gardens Apartments showcases their capability to source unique opportunities and implement creative seller financing, aligning the interests of both the buyer and seller while taking advantage of the revitalization in Downtown Pompano Beach.