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10 Northwest 10th Court, Da...

Gulfstream Apartments Dania Beach Sold For $8.9M In Multifamily Deal By Jacob Serure - SRE Commercial Group
SOLDMultiFamily

Gulfstream Apartments Dania Beach Sold For $8.9M In Multifamily Deal By Jacob Serure - SRE Commercial Group

10 Northwest 10th Court, Dania Beach, FL, USA

$8,900,000

$145/SF

Building Size

61,361 SF

Asset Type

MultiFamily

Closing

Aug 26, 2021

AI

Gulfstream Apartments Dania Beach, a 96 unit LIHTC property located at 10 NW 10th Court, has been sold in a recent transaction in Dania Beach. The multifamily asset features all 2 bedroom 1 bath units, central AC, and impact windows. The property spans a total of 61,361 square feet, with a sale price of $8,900,000. This equates to a price per square foot of $145.

Summary of transaction details:

  • Property Type: Multifamily
  • Transaction Amount: $8,900,000
  • Address: 10 NW 10th Court
  • Market: Dania Beach

The sellers of Gulfstream Apartments Dania Beach are John Corbett and Hugh Jacobs. The transaction was facilitated by Jacob Serure from SRE Commercial Group, who represented the sellers in the deal. SRE Commercial Group is a reputable brokerage firm with over 15 years of experience in brokering multi-family deals. They have a strong track record in the commercial real estate market.

SRE Commercial Group's Founder Jacob Serure expressed pride in this recent sale. He stated that Gulfstream Apartments Dania Beach is a noteworthy property, offering a substantial number of LIHTC units with desirable features such as central AC and impact windows. The property's sale showcases SRE Commercial Group's expertise in brokering multi-family deals, and they are actively seeking agents interested in pursuing a career in commercial real estate.

Players

Jacob Serure

SRE Commercial Group

Broker

$84.3M

vol

8 deals

Broker

Dania MultiFamily Market Snapshot

Boundary boundary · MultiFamily · Sale transactions

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Purchase Price

Annual NOI

Loan Amount

Interest Rate (%)

Loan Term (yrs)

Down Payment (%)

Cap Rate

1.78%

Cash-on-Cash

-0.51%

Monthly Payment

$14,164

Annual Debt Svc

$169,964

Annual Cash Flow

$-11,334

DSCR

0.93