Joseph Chehebar Of JC Holdings Acquires Mixed-Use Property In Dania Beach For $950K
SOLD
$950,000
Florida
See Similar DealsMixed-use4,968 SF
Sold 04/18/2024
SOLD
Joseph Chehebar Of JC Holdings Acquires Mixed-Use Property In Dania Beach For $950K
24 Northeast 1st Avenue
See Similar DealsMixed-use4,968 SF
Sold 04/18/2024
Summary
FLORIDA
Asset Type:Mixed-use
Price Per Square Foot:$191
Total Square Footage:4,968 SF
Transaction Type:Sale
The property located at 24 Northeast 1st Avenue in Dania Beach, a mixed-use asset, was sold for $950,000, with an asking price of $995,000. Spanning 4,968 square feet, the property was acquired at a price per square foot of $191.
Summary of transaction details:
- Property Type: Mixed-use
- Transaction Amount: $950,000
- Buyer: Joseph Chehebar - JC Holdings
- Seller: Modello Properties INC - Tim Ryan- VP
- Market: Dania Beach
Joseph Chehebar, representing JC Holdings, served as the buyer in this transaction, while Modello Properties INC was represented by Tim Ryan, the Vice President. This deal showcases the involvement of key individuals and companies in the real estate market of Dania Beach.
Details
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Deal Type
30 years
10 years
Operating Income
Operating Expenses (Annual)
Net Operating Income (NOI)
$50,666.67
Debt Service Coverage Ratio (DSCR)
0.94x
Cap Rate
5.33%
Cash Flow (Annual)-$3,375.15
Cash-on-Cash Return-1.27%
Monthly Debt Service$4,503.48
Annual Debt Service$54,041.82
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