Meir M. Cohen Purchases Pompano Gardens Multifamily Portfolio From Kilmair Properties Inc For $16.5M

The transaction involved the sale of a multifamily asset located at Northwest 6th & 7th Avenue in Pompano Beach. The property encompasses 120 units across eight buildings, with a total land area of 3.74 acres. The sale price was $16,500,000, translating to a price per unit of $137,500 and a price per square foot of $291, with a total square footage of 56,616.

Summary of transaction details:

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

Marcus & Millichap brokered the sale, representing both the seller, Kilmair Properties Inc, and the buyer, Meir M. Cohen. The transaction reflects a notable involvement by the brokerage team, emphasizing their role in facilitating this multifamily portfolio sale in a prominent market area.