Matthew Paul Of MAP Communities Acquires The Haven Apartments Multifamily In Pompano Beach For $10M

The transaction involves the sale of The Haven Apartments, a multifamily asset located at Northeast 16th Terrace & Northeast 33rd Street in Pompano Beach. The property comprises a total of 56 units, with a price per unit set at $178,571. The overall sale price amounted to $10,000,000, highlighting the potential for value addition through aligning rents and taking advantage of the nearby retail and redevelopment opportunities along Federal Highway.

Summary of transaction details:

• Property Type: Multifamily
• Transaction Amount: $10,000,000
• Units: 56
• Price Per Unit: $178,571
• Buyer: Matthew Paul - MAP Communities
• Brokers: Cory Sanchez, Daniel J. Cunningham, Dillon Majeski, Evan Richardson & River Rhoads - Marcus & Millichap
• Market: Pompano Beach

This deal showcases the expertise of Marcus & Millichap, which facilitated the transaction through its team of brokers. Matthew Paul, representing MAP Communities, acquired the property, reflecting a strategic move in the multifamily sector in the Pompano Beach area.